China's condiment manufacturer Haitian rises on strong H1 profit

Foshan Haitian Flavouring and Food Co

16/08/2018 04:11

** Shares in China's Foshan Haitian Flavouring and Food Co
Ltd  603288.SS  rise 2.9 percent to 68.94 yuan on Thursday,
after it posts a sharp increase in H1 profit 
    ** Stock is set for best day since Aug. 9 
    ** The producer and distributor of seasonings said on
Tuesday its half-year net profit rose 23.3 percent to 2.2
billion yuan ($319.53 million) urn:newsml:reuters.com:*:nH9N1V100W
    ** As of the previous close, the stock had risen 24.59
percent so far this year
    ** As of 0240 GMT, about 1.81 million shares of the
Guangdong-based company have been traded, compared with their
30-day moving average of 3.74 million shares a day
    ** Among the 21 analysts that cover Foshan Haitian
Flavouring and Food, the current average rating on the shares is
"buy"; the breakdown of recommendations is 18 "strong buy" or
"buy", two "hold" and one "sell" or "strong sell". The analyst
mean price target is 66.74 yuan
    ** The main Shanghai stock index  .SSEC  is down 0.46 pct
    ($1 = 6.8852 Chinese yuan)

 ((Reuters Messaging:
tingting.liu.thomsonreuters.com@reuters.net))