HAITIAN FLAV Shares Surge Over 6% in Hong Kong Trading Ahead of Special Dividend Payout

Stock News02-05

HAITIAN FLAV (03288) saw its shares climb more than 6% during the trading session. As of the time of writing, the stock was up 4.95%, trading at HK$33.04, with a turnover of HK$201 million. The company has announced that it will distribute a special shareholder return dividend for 2025 on February 6, 2026, amounting to HK$3.327979 per 10 shares.

Huatai Securities previously highlighted that the company places significant emphasis on shareholder returns. According to its 2025-2027 dividend plan, the H-share dividend yield for 2025 is projected to reach 4.2%, underscoring its investment appeal. Using comparable companies' average 2026 PE ratio of 29x (based on Wind consensus estimates), and considering the accelerated overseas market expansion post its Hong Kong listing and the potential mitigation of domestic market competition pressures, the firm deserves a valuation premium. Huatai assigns an A-share 2026 PE of 32x. Historically, since its H-share listing, the A/H discount has averaged around 20%. Given the currently lower valuation of H-shares and the more pronounced boost to the dividend yield from the increased payout, the A/H discount is expected to narrow.

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