Haitian International Beneficiary of Supply-Chain Relocation -- Market Talk

Dow Jones04-03

0319 GMT - Haitian International's overseas exposure should support long-term growth despite a slow start to 1Q orders, Deutsche Bank analyst Iris Zheng says in a note. Overseas markets, which account for 43% of the plastic injection molding machine manufacturer's sales, rose about 3% in the first two months, while China fell 5%. The stock trades at 8.3x-7.6x 2026-27 earnings, below its long-term average of 11.4x. It offers a dividend yield of about 4%, with scope to increase in 2027. Deutsche Bank maintains a buy rating and raises its target price to HK$29.00 from HK$28.30. (venkat.pr@wsj.com)

 

(END) Dow Jones Newswires

April 02, 2026 23:19 ET (03:19 GMT)

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