Citibank: Target price for Haitian International (01882) “buy” rating reduced to HK$27

Zhitongcaijing · 1d ago

The Zhitong Finance App learned that Citibank released a research report saying that Haitian International (01882) management expects annual revenue to remain flat to grow to a low number of units. The bank expects that overseas sales will record a double-digit decline in the second half of the year, but the double-digit increase in domestic sales can roughly offset the related impact. Citi lowered Haitian International's 2026-28 earnings forecast by 8 to 14% to reflect a slowdown in domestic demand growth and lower than expected overseas growth prospects. The bank reduced the company's target price from HK$27.5 to HK$27 and renewed the “Buy” rating.