The Zhitong Finance App learned that Morgan Stanley released a research report stating that it maintained Yihai International's (01579) “in sync with the market” rating and raised the company's sales and earnings per share estimates by about 4% from 2024 to 2026, and the target price increased from HK$15.9 to HK$17.6.

According to the report, the company chairman clearly proposed strategies relating to condiments and food ingredients at the shareholders' meeting. Wholesale, overseas, and snacks can all increase sales, but the bank sees limited help at this stage. The trend is encouraging. Third-party and affiliate sales are growing well, and gross margins are expanding.