Haidilao Likely Faces Challenges Amid Sector Weakness -- Market Talk

Dow Jones08-29

0830 GMT - Haidilao International is likely to face challenges ahead amid weakness in the catering sector, Nomura analysts Jizhou Dong and Riley Jin say in a note. The Chinese hotpot-restaurant company's 1H results were mixed due to slower-than-expected store openings, a higher effective tax rate and nonoperating expenses, the analysts point out. They forecast Haidilao to deliver low-single-digit same-store sales growth in 2H, below than 1H's 15% growth, on a more difficult base and likely flattish operating margin in 2H. Nomura keeps a buy rating on the stock but cuts its target price to HK$15.10 from HK$20.20 due to ongoing weakness and intensified competition in the catering sector. Shares ended 5.7% higher at HK$13.04. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

August 29, 2024 04:30 ET (08:30 GMT)

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They forecast Haidilao to deliver low-single-digit same-store sales growth in 2H, below than 1H's 15% growth, on a more difficult base and likely flattish operating margin in 2H. Nomura keeps a buy rating on the stock but cuts its target price to HK$15.10 from HK$20.20 due to ongoing weakness and intensified competition in the catering sector. Shares ended 5.7% higher at HK$13.04. 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The Chinese hotpot-restaurant ...</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":"BK1591","symbol_name":"就地过年概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2463400736","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463400736","pubTimestamp":1724920200,"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":"0830 GMT - Haidilao International is likely to face challenges ahead amid weakness in the catering sector, Nomura analysts Jizhou Dong and Riley Jin say in a note. 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