Haidilao's Chief Executive Change Signals Pivot to New Growth Driver -- Market Talk

Dow Jones06-24

0254 GMT - The change in Haidilao International Holding's chief executive signals a pivot toward next-stage development, Citi analysts Xiaopo Wei and Vincent Young say in a research note. Haidilao's current CEO Yang Lijuan, who led the successful store restructuring program and store reopening between November 2021 and 1H 2024, will leave the company to join its sister company Super Hi. The hotpot chain's future growth should be driven more by innovation and digitalization, which will be the main focus of the new CEO Gou Yiqun, they say. Haidilao's overall table-turn in May improved by over 20% on year, driven by high table-turn during the Labor Day holidays, they say. Citi maintains a buy call on Haidilao and keeps its target at HK$26.20. Shares are last at HK$14.12. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

June 23, 2024 22:54 ET (02:54 GMT)

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Haidilao's ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09658","symbol_name":"特海国际","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2445509085","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445509085","pubTimestamp":1719197640,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0254 GMT - The change in Haidilao International Holding's chief executive signals a pivot toward next-stage development, Citi analysts Xiaopo Wei and Vincent Young say in a research note. 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