Morgan Stanley has issued a research report forecasting that HAIDILAO's (06862) share price will outperform the industry over the next 30 days. The company announced today that its Chairman and CEO Zhang Yong plans to increase his stake in the company within the next 12 months, involving more than 100 million yuan. The firm has assigned a target price of HK$20 and an "Overweight" rating. Morgan Stanley noted that this marks Zhang Yong's first share purchase since the company's IPO in 2018, a move expected to bolster market sentiment and align with the bank's constructive outlook on HAIDILAO.
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