[ET Net News Agency, 11 May 2021] Daiwa raised its target price for Jiumaojiu (09922)
to HK$34.5 from HK$31.5 and maintained its "buy" rating.
The research house said it values Jiumaojiu using the SOTP methodology and EV/EBITDA
basis, as it believes it more accurately captures the value of multi-concept restaurant
operators. (RC)