On June 1, Haidilao rose 3.06% in regular trading, trading at 13.15 HKD/share, with trading volume of approximately 150 million HKD. The rally was driven by a controlling shareholder share purchase and a broad-based restaurant sector recovery.
On the news front, controlling shareholder, executive director, and CEO Zhang Yong purchased 11.35 million shares in the open market at an average price of approximately 13.39 HKD per share between May 21 and May 22, signaling confidence in the company's long-term value. Additionally, Guojin Securities initiated a Buy rating with a target price of 18.94 HKD, highlighting the company's enhanced shareholder return profile.
Within the Restaurants sector, the overall sentiment recovered significantly. Among individual stocks, MIXUE GROUP up 7.66%, MEITUAN-W up 6.33%, GUMING up 4.30%, CHABAIDAO up 2.86%, YUM CHINA down 1.69%.
On the fundamental side, the company reported mid-single-digit year-over-year growth in table turnover rate for the first four months, while delivery business revenue growth exceeded 100%, indicating continued operational improvement across its core brand.
(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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