HAITIAN FLAV (03288) gained over 2%, rising 2.14% to HK$32.46 by the time of writing, with a trading volume of HK$60.48 million.
After market close on December 8, the company announced that its board will hold a meeting on December 18, 2025, to consider proposing a special dividend and reviewing the shareholder return plan for the next three years (2025–2027). The notice cautioned that the proposals may not necessarily be approved, advising shareholders and potential investors to trade cautiously.
Morgan Stanley views this development as a positive surprise, reflecting the company's commitment to enhancing shareholder returns. The bank anticipates an increase in the regular dividend payout ratio. Market expectations for 2025 and 2026 dividends stand at RMB 0.86 and RMB 0.96 per share, respectively, with Morgan Stanley suggesting potential upward revisions.
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