0527 GMT - Haidilao International founder Zhang Yong's decision to raise his stake in the Chinese restaurant operator could support its shares, say Nomura's Jizhou Dong and Summer Qian in a note. Zhang, currently Haidilao's chairman, aims to buy "not less than HK$100 million" of shares within the next 12 months, the analysts say. While the planned increase is not too significant, it implies the founder's and management's confidence in the company, they say. Haidilao's move to optimize its portfolio, deepen its footprint in lower-tier Chinese cities and scale multiple brands could drive a steady recovery in sales momentum, they add. Nomura retains its buy rating and HK$18.40 target price. Shares fall 3.5% to HK$14.56. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 13, 2026 01:27 ET (05:27 GMT)
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