On June 3rd, Citigroup released a research report which lists Haitian Int'l as the top pick for Chinese industrial stocks, reiterating its "buy" rating with a target price of HKD 31.5. The report pointed out that Haitian's orders in May still achieved a significant growth rate of over 40%, and orders in the first five months of this year also grew by more than 30%, reflecting the company's continued strong momentum. Citigroup indicated that, in the past 20 years, 14 of Haitian Int'l's annual overseas business sales growth rate was faster than that of its domestic business. Currently, the contribution ratio of revenue from China and overseas is 60% and 40%, respectively, and it is expected that due to the company's continuous market share gains overseas, the proportion of overseas business sales will increase to more than half in the next two to three years.
大行评级｜花旗：将海天国际列为中国工业股首选名单 目标价31.5港元
Big Bank Ratings | Citigroup: Listed Haitian International on the China Industrial Stock Preferred List with a target price of HK$31.5
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.