HK Stock Market Move | Foshan Haitian Flavouring and Food (03288) rose more than 4% in the afternoon. The improvement of the catering chain during the Spring Festival holiday exceeded expectations. The company is accelerating the expansion of its global business.

Foshan Haitian Flavouring and Food (03288) rose more than 4% in the afternoon, up 3.56% to HK$34.88 at the time of writing, with a turnover of HK$140 million. On the news front, this year's Spring Festival saw an increase in the flow of people returning home or traveling, leading to an improvement in consumer willingness to spend. Sinolink released a research report stating that the catering chain (seasoning, frozen food, etc.) sector is expected to significantly improve during the Spring Festival period, with family gatherings and travel boosting demand and potentially triggering post-holiday inventory replenishment actions. Most stocks are expected to show bottoming out improvement in the first quarter. Huatai previously released a research report stating that seasonings have strong essential attributes, and Foshan Haitian Flavouring and Food's dominant position and excellent governance provide a clear long-term growth logic. Looking ahead, the company is expected to continue increasing its domestic market share based on strong management capabilities, listing on the Hong Kong Stock Exchange will help enhance the company's overseas influence, and it will accelerate the export of supply chain / product / channel experience overseas and expand its global business.