On May 29, Haidilao rose 3.07% in regular trading, trading at 12.76 HKD/share, with trading volume of approximately 95.87 million HKD. The stock staged a technical rebound following consecutive sessions of post-ex-dividend weakness.
On the news front, the broader restaurant sector showed signs of recovery, with Mixue Group up 5.08%, Guming up 2.37%, and DPC Dash up 1.31%, indicating improved sector sentiment. Fundamentally, the company reported mid-single-digit year-over-year growth in table turnover rates for the first four months, while its delivery business revenue growth exceeded 100%, with the main brand continuing to show operational improvement.
However, institutional views remain divided. Some brokerages maintain sell ratings with a target price of 12.5 HKD, while others have raised their target price to 19.5 HKD, reflecting divergent expectations on the stock's valuation trajectory following the recent correction.
(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.)
Comments