Core Viewpoint - The report from CMB International initiates a "Buy" rating for Haitian Flavor Industry (03288) with a target price of HKD 39, driven by the recovery in the catering channel, product innovation, and overseas expansion, projecting approximately 8% compound annual growth in revenue from 2024 to 2027 [1] Group 1: Company Overview - Haitian Flavor Industry is expected to have over 6,700 distributors by the end of 2024, ensuring comprehensive coverage of major regions in the country [1] - The company's strong distribution network guarantees stable sales nationwide [1] Group 2: Product and Market Trends - The ongoing trend towards health-conscious products is driving an upgrade in the product structure [1]