Strong rally: The Chinese soy sauce market is expected to grow 28 to 86.2 billion yuan in five years through 2022, according to data from Euromonitor International. — Reuters
BEIJING: Foshan Haitian Flavouring & Food Co is emerging as a star among consumer staple stocks worldwide as China’s largest soy sauce maker taps booming growth in the country’s catering industry.
Shanghai-listed shares of Haitian soared 66% in the past 12 months, making it one of the top five performers among the world’s largest consumer stocks, which include US food giants Kellogg Co and General Mills Inc, according to data compiled by Bloomberg.
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