0057 GMT - Haidilao International remains Citi's top buy in China's restaurant sector after it posted a better-than-expected May table turnover rate. While the company's table turnover rate--a restaurant profitability metric--fell on year, it improved on-month, which surprised the Citi analysts, they say in a note. The analysts expect the hotpot restaurant operator to continue reallocating resources across its ecosystem, after Yang Lijuan resigned from her role as chief executive of sister company Super Hi to rejoin Haidilao. This suggests the company is accelerating its plan to revive revenue growth this year since founder Zhang Yong returned as Haidilao's CEO this year, the analysts say. Citi retains its buy rating and HK$19.30 target price. Shares last closed 3.8% higher at HK$12.68. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
June 10, 2026 20:57 ET (00:57 GMT)
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