Haidilao's Efforts to Boost Margin Not Convincing Yet -- Market Talk

Dow Jones08-29

0335 GMT - Haidilao International has yet to convince Deutsche Bank analysts that its strategy will help margins recover. It's unclear if the restaurant operator will deliver on efforts to optimize operations and build its brand, given strong competition and softer sector growth, they write in a note, seeing limited visibility into the trajectory for store openings and brand extension. Lower-than-expected store openings year to date, and flat table turnover in July have weighed on shares. Deutsche Bank trims its net profit estimates for the company through 2026 by 5% on average, and expects a flat recurring EBIT margin in 2H. It keeps a hold rating on the stock, cutting the target to HK$14.30 from HK$15.30. Shares rise 4.7% to HK$12.92. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

August 28, 2024 23:54 ET (03:54 GMT)

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Deutsche Bank trims its net profit estimates for the company through 2026 by 5% on average, and expects a flat recurring EBIT margin in 2H. It keeps a hold rating on the stock, cutting the target to HK$14.30 from HK$15.30. Shares rise 4.7% to HK$12.92. 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It's unclear if the restaurant operator will deliver on efforts to optimize ...</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":"BK1233","symbol_name":"餐馆","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2463473437","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463473437","pubTimestamp":1724903640,"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":"0335 GMT - Haidilao International has yet to convince Deutsche Bank analysts that its strategy will help margins recover. 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It keeps a hold rating on the stock, cutting the target to HK$14.30 from HK$15.30. Shares rise 4.7% to HK$12.92. 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