Haitian Flavouring's Hong Kong IPO - A 400 Year Legacy Stirring Global Ambitions
πππIn a world where IPOs come and go Foshan Haitian Flavouring and Food Co. $HAITIAN FLAV(03288)$ brings something rare to the table - Heritage backed by numbers. With roots dating back to the Ming Dynasty and a reputation as the world's largest soy sauce producer, this centuries old culinary titan is now setting its sights on global dominance with a HKD 10 Billion (USD 1.27 billion) secondary listing in Hong Kong on June 19.
From Imperial Kitchen to International Shelves
Officially founded in 1955 but with a history steeped in imperial tradition, Haitian has become synonymous with Chinese condiments. Its products includes Soy sauce, its flagship item, Oyster Sauce, vinegars, cooking wine as well as Fermented Bean pastes, spice sauces and seasoning powders. With over 1,000 SKUs and exports to over 80 countries, Haitian isn't just a household name. It is a flavour ambassador.
Why This IPO Is Sizzling Hot
Market Leadership - Haitian dominates China's condiment space with unrivaled distribution and brand equity.
Strong Financials - USD 3.7 billion in revenue in 2024 and 13% net profit growth.
Global Growth Plans - IPO proceeds will power international expansion.
Compelling Valuation - Haitian is trading at a discount to global food sector peers.
Challenges Worth Noting
Limited Overseas Revenue - Currently only 5%. Therefore execution of international strategy is critical.
Geopolitical Uncertainty - Trade friction and currency shifts may weigh on returns.
Competitive Landscape - Facing local startups and multinational giants.
IPO Details
The IPO starts from 11 June to 16 June with prices ranging from HKD 35 to HK 36.30. Minimum lot 100 shares. Trading to start 19 June 2025.
Concluding Thoughts
Haitian isn't just a condiment company listing in Hong Kong. It is a seasoned well known brand with centuries of craftsmanship, scaling its products for the world stage.
Haitian is an excellent choice for investors seeking a taste of stability with a growth story. $HAITIAN FLAV(03288)$ IPO might just be the hottest dish in the Hong Kong Stock Exchange this season.
With international funds returning to Hong Kong IPOs, Haitian's H share offering, marks another major A share first, then H share listing that underscores a broader IPO resurgence fueled by strong global investor demand. I believe that $HAITIAN FLAV(03288)$ is a great stock to buy and hold long term.
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- WendyOnePΒ·06-16TOPLove this one! A trusted brand, solid profits, and something I actually use in my kitchen. Feels like a safe and tasty pick for the long term. Definitely keeping an eye on this IPO!π₯πͺ1Report