[ET Net News Agency, 8 July 2020] Haidilao International (06862) issued a profit
warning on 6 July stating that it expects to record a net loss in 1H, on the back of a 20%
decline in revenue.
Huatai Research projected its net loss of RMB906mn in 1H, due to fixed expenses incurred
during operation suspension, non-recurring disease prevention costs and expenditure for
store openings.
But it noted that Haidilao's restaurant sales are undergoing recovery and likely return
to normal in 2H. Notably, its rapid network expansion will pave the way for future
earnings growth. Huatai maintained its "buy" call on Haidilao, with a target price of
HK$37.4. (KL)
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06862 HAIDILAO
Nominal 
15.960 -0.700 (-4.202%) Others
08/07/2020 12:00
{I-bank focus}Worst likely over for Haidilao (06862)
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