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00520 XIABUXIABU
RTNominal up1.670 +0.060 (+3.727%)
Others

12/11/2019 14:36

{I-bank focus}Huatai starts Xiabuxiabu (00520) at HK$12.8

[ET Net News Agency, 12 November 2019] Huatai Research initiated coverage on Xiabuxiabu
Catering (00520) with a "buy" rating and a target price of HK$12.8.
The research house said Xiabu operates the largest hotpot restaurant network in China by
store count. Huatai likes its increased initiatives in XBXB brand building and looks for
increased per-capita spending at its stores to act as a major driver of SSSG.
It also expects a rise in the sales contribution of Coucou brand (with better labor
efficiency than XBXB and rising store productivity) to lead to improved operating
leverage.
Huatai forecast 28/26% net profit growth in 2020/2021, recovery from a 15% decline in
2019 thanks to improved SSSG on enhanced brand equity. (KL)

Remark: Real time quote last updated: 25/04/2024 16:33
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