On September 15, HAIDILAO fell 3.11% in regular trading, trading at HK$9.625 per share with turnover of approximately HK$62.72 million, extending its recent downtrend.
On the news front, Citi flagged that HAIDILAO's August table turnover rate posted a low single-digit year-over-year decline, missing market expectations. Daiwa cut its target price from HK$13.2 to HK$11.3, lowering earnings forecasts for the period through fiscal year 2028 to reflect unimproved demand conditions, while reiterating an outperform rating. Meanwhile, the overhang from the founder family's September 8 block sale of 259 million shares at HK$10.62 per share — a roughly 6.7% discount representing 4.65% of total issued shares and raising approximately HK$27.5 billion — continues to weigh on sentiment. The sell-off came just four months after Chairman Zhang Yong purchased shares at HK$13.39. Fundamentally, first-half net profit attributable to owners grew just 0.47% year-over-year, while self-operated restaurant count fell by 32 to 1,290, signaling weakening growth momentum.
(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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