Goldman Sachs cuts Haitian stock target from HKD 39.80 to HKD 35.20

Published on 10/15/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Haitian stock, first-half revenue reached CNY 16.15 billion, up 6.00 percent year over year. Amoy adds a global brand in the September 10, 2026 deal.

Targets and expansion dates

Goldman Sachs lowered its Haitian target from HKD 39.80 to HKD 35.20 on September 30, 2026.
Haitian reported CNY 16.15 billion in first-half 2026 revenue, up 6.00 percent year over year.
Haitian plans to publish its next financial report on November 3, 2026.

Haitian, CNE100001SL2, Illustration mit AI erstellt.

Haitian (ISIN CNE100001SL2) reported CNY 16.15 billion in revenue for the first half of 2026, up 6.00 percent from CNY 15.23 billion a year earlier, according to Yahoo Finance. The latest analyst move came on September 30, 2026, when Goldman Sachs cut its target from HKD 39.80 to HKD 35.20 while retaining a Buy rating, as reported by Futu.

Revenue growth meets strategic expansion

The first-half figures give Haitian a stronger operating base for its overseas strategy. Operating profit rose to CNY 4.96 billion from CNY 4.66 billion in the first half of 2025, while net profit attributable to shareholders increased 7.20 percent to CNY 4.19 billion, Yahoo Finance reported on September 16, 2026.

The acquisition of Amoy Food adds a brand with distribution channels beyond mainland China. Financial terms were not disclosed, but the companies plan to integrate distribution, production and supply-chain networks, according to the Trustar announcement cited by Yahoo Finance.

What does the target cut mean?

Goldman Sachs expects Haitian's third-quarter 2026 sales to grow 0.50 percent and net profit to decline 0.90 percent. The bank also reduced its 2026 to 2028 sales forecasts by 2.00 percent to 3.00 percent and net profit forecasts by 3.00 percent to 6.00 percent, citing softer catering demand and higher raw-material and packaging costs, Futu reported on September 30, 2026.

Three dated developments

On September 10, 2026, Haitian acquired 100.00 percent of Amoy Food, according to Longbridge. On September 16, 2026, Yahoo Finance reported first-half revenue of CNY 16.15 billion and net profit of CNY 4.19 billion. On September 30, 2026, Futu reported the Goldman Sachs target cut to HKD 35.20.

Next reporting date

Haitian is scheduled to publish its next financial report on November 3, 2026, according to TradingView.

Expansion remains the central test

Haitian enters the next reporting milestone with first-half revenue growth of 6.00 percent and an acquisition designed to widen its international distribution. The central investor question is whether Amoy can help offset the slower third-quarter growth and cost pressure outlined in the Goldman Sachs report.