[ET Net News Agency, 23 August 2019] HSBC Global Research raised its target price for
Haidilao International (06862) to HK$37.64 from HK$34.28 and maintained its "buy" rating.
The research house raised its full-year new restaurant number estimate to 280, as
management expects more restaurants to be opened in 2H than 1H. The company has 800 store
manager trainees (doubled YoY) in place for its bottom-up expansion.
HSBC said Haidilao achieved 4.7% SSS growth in 1H, despite the aggressive expansion,
reflecting a rise in the table turnover rate, and an increase in spending per guest from
RMB100.3 to RMB104.4. HSBC expects the company's 2019-21 revenue to grow 63%/49%/26% and
net profit to increase by 49%/57%/24%. (KL)
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06862 HAIDILAO
Nominal 
16.660 0.000 (0.000%) Others
23/08/2019 15:40
{I-bank focus}HSBC lifts Haidilao Int'l (06862) to HK$37.64
| Remark: | Real time quote last updated: 19/04/2024 08:30 |
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