Daily Investment Strategy
Daily focus：Haitian Flavoring (3288)
After several years of market adjustments, Haitian Flavoring (3288) has returned to a state of steady growth. The most noteworthy aspect of the company's latest shareholder return plan for 2025-2027 is its explicit commitment to increase the annual cash dividend payout ratio to no less than 80% of the net profit for that year. This ratio is a further optimization from approximately 75% in 2024, coupled with a proposed special dividend of RMB 3.0 per 10 shares in 2025, fully demonstrating management's strong confidence in operating cash flow and its determination to actively reward shareholders.
U.S. November CPI lower than expected
US November CPI unexpectedly softened yesterday, helping to stabilize US stocks; the S&P 500 rose 0.8% to close at approximately 6,778 points, ending a four-day losing streak. The CPI rose 2.7% year-on-year, core CPI rose 2.6% year-on-year, and both overall and core CPI rose 0.2% month-on-month, all lower than market expectations. Due to the government shutdown creating a data gap for October, investors still need to verify trends, but declining yields and rising bets on interest rate cuts (the market is increasing its probability of a March rate cut) are expected to ease funding cost pressures in the short term and drive a shift in investment style from defensive to interest rate-sensitive sectors.
Hong Kong Stock Connect saw a net inflow of HK$1.26 billion on Thursday, with Xiaomi (1810) seeing the largest net inflow at HK$900 million, followed by Meituan (3690); the Tracker Fund of Hong Kong(2800) saw the largest net outflow at HK$1.42 billion, followed by China Mobile (0941).
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.
