Core Viewpoint - The recent transfer of shares in Haitian Flavor Industry Co., Ltd. indicates a strategic shift among investors, with a new buy rating and target price reflecting positive growth expectations in the coming years [1] Group 1: Shareholder Activity - On November 26, shares of Haitian Flavor Industry were transferred from UBS Securities Hong Kong Limited to Citibank, with a market value of HKD 284 million, representing 3.03% of the company [1] Group 2: Analyst Ratings and Projections - CMB International has initiated coverage on Haitian Flavor Industry with a "Buy" rating and a target price of HKD 39, driven by recovery in the food service sector, product innovation, and overseas expansion [1] - Revenue is expected to achieve a compound annual growth rate (CAGR) of approximately 8% from 2024 to 2027 [1] - The company is anticipated to see improvements in gross margin and operating profit margin due to declining raw material costs and enhanced efficiency [1] - Net profit is projected to maintain a growth rate of around 10%, with a forecasted price-to-earnings (P/E) ratio of 25 times for 2026 based on global industry valuations [1]