On May 28, Haidilao fell 3.03% in regular trading, trading at 12.16 HKD/share, with trading volume of approximately 60.57 million HKD. The stock extended its post-ex-dividend weakness as the broader restaurant sector remained under pressure.
The decline was driven by multiple headwinds. The company continues to face fundamental concerns, including declining per-capita spending and a 3.7% year-over-year drop in hotpot main business system sales. Institutional ratings remain deeply divided, with some brokerages maintaining sell ratings with a target price of 12.5 HKD, while CICC raised its target to 19.5 HKD with an outperform rating. Notably, controlling shareholder and Chairman Zhang Yong purchased approximately 11.35 million shares at an average price of 13.39 HKD on May 21-22, raising his stake to 37.56%, signaling management confidence in the company's long-term prospects.
Within the Restaurants sector, weakness was broad-based. Among peers, Meituan fell 5.34%, DPC Dash fell 4.04%, Mixue Group fell 2.10%, Yum China fell 0.36%, and Guming fell 0.27%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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