Haidilao International Holding Ltd.'s (HKG:6862) Intrinsic Value Is Potentially 76% Above Its Share Price
DBS maintains the "in line with the market" rating for jiumaojiu with a target price of HKD 5.5.
According to a research report by Morgan Stanley, it maintains its 'Market Perform' rating for jiumaojiu (09922), believing that its consensus forecast for the fiscal year of 2024 still has downward potential. It is still waiting for the group's management to express its opinion on any self-rescue strategies during a phone briefing on July 22 at 11am, with a target price of HKD 5.5. The report cites the company's profit warning, expecting a decline of no more than 69.8% in interim profits. The bank points out that under the influence of the decline in same-store sales growth (SSSG), operational deleveraging, and non-operating projects, the group's profits for the first half of this year decreased by 70% year-on-year. Therefore, the group's stock price may be under pressure in the short term. Morgan Stanley believes that the business of jiumaojiu is...
Low stock price group buying, out of control.
The retreat of the dining industry.
HK Stock Market News | Haidilao (09869) rose nearly 6%, leading the dining industry. Institutions believe that the same-store revenue may improve in the second half of the year.
Zhixin Finance APP learned that dining stocks rebounded in the morning session. As of the time of publication, Helen's (09869) rose 5.99% to HK$2.3; Haidilao (06862) rose 4.46% to HK$14.06; Xiabu Xiabu (00520) rose 4.41% to HK$1.42; Jiumaojiu (09922) rose 3.76% to HK$3.86. Shenzhen Securities has previously stated that Hong Kong-listed restaurant companies have generally passed the peak period of opening stores, and the franchise model is gradually being introduced into the business model. Same-store revenue in the first half of the year faces a higher comparison base, and there may be some improvement in the second half. Huaxi Securities pointed out that high
China Full-Service Restaurants Market Research Report 2024 Featuring Quanjude, Sichuan Haidilao Catering, Shaoshan Maojia Restaurant Development, Inner Mongolia Xibei Catering, TongQingLou Catering
The Past Three Years for Haidilao International Holding (HKG:6862) Investors Has Not Been Profitable
[Brokerage Focus] CICC points out that consumer downgrading is still the industry theme. In the second half of the year, there is a preference for optional consumption.
Jinwu Finance | CCB International stated that it has met with investors in Hong Kong, Singapore, and Malaysia in the past two weeks. Investors generally believe that (1) Chinese consumers prefer high-cost-effective products, (2) the popularity of domestic brands is rising, (3) China's lower-tier cities offer better growth potential, (4) the expansion of service consumption is leading to long-term growth opportunities, and (5) overseas expansion seems inevitable. The bank stated that due to overall market correction and slower profit growth, the valuations of the optional consumption and necessary consumption sectors have been lowered to 12.2 times the expected PE in 2024.
Haidilao Announces New Board Structure for 2024
[Brokerage Focus] ANXIN International: The common point of consumer trends in China and the United States is that weak recovery is evident this year.
Jinwu Financial News | Anxin International released a research report stating that the common point of consumption in China and the United States is that it has exhibited a weak recovery this year. After reaching the peak of growth in February and March respectively, consumption growth has declined; the growth of selective consumption has been weaker than that of essential consumption, and there are differences in the growth of different sectors. The recovery of consumption in China is weaker than that in the United States, and it is weaker compared to the level before the epidemic. The recovery of offline service consumption such as dining and tourism is not as good as that of the United States. The market performance of Hong Kong's consumer sector is weaker than that of the US stock market, and the current sentiment is relatively low. In terms of valuation, the valuation of Hong Kong stocks is at a historically low level.
Haidilao's 'most amazing part-time worker' has a new position.
After two years of being CEO of haidilao and becoming the head of the largest hotpot chain in China, Yang Lijuan, the "best waitress", has a new position. Author: Cao Anxun, Editor: Zhou Zhiyu. Recently, haidilao announced that Yang Lijuan will resign as executive director and CEO on July 1st, and Guo Yiqun, a 51-year-old veteran of haidilao, will take over her position. Yang Lijuan will then join Te Hai International as executive director and CEO, mainly responsible for the overall management and global strategy development of Te Hai International. Yang Lijuan has left a good impression on haidilao. In her first year as CEO, she promoted the Woodpecker program and tackled tough challenges.
Haidilao customer service responded to the introduction of a paid nail art project: The charging standard is unified nationwide, ranging from 9.9 to 59.9 yuan.
Recently, some consumers found that haidilao had launched a paid nail service in some stores. In response, haidilao's customer service said that it was to meet customers' personalized nail needs, and they have upgraded in style, color, shape, and production technology, and provided professional training for nail technicians. Currently, the service has been launched in haidilao's stores in Xi'an, Nanjing, Qingdao, Hangzhou, and shanxi, and it is not a spontaneous behavior of the stores, but a service launched by haidilao to facilitate customers' choices. The customer service also emphasized that the charged nail projects have a uniform charging standard, and the original solid color nail and hand care were not affected.
CICC: First-time 'outperform' rating given to Techcomp International, target price of HK$14.7.
CICC released a research report stating that it is giving a first-time 'outperform' rating to Techmation Co., Ltd. (09658) with a target price of HKD 14.7. The bank expects that the company's revenue in the next two years will reach USD 770 million and USD 86.9 million, respectively, and the adjusted net income during the period will be CNY 32 million and CNY 47 million, respectively, with earnings per share forecasts of CNY 0.03 and CNY 0.07, respectively. The bank believes that the company is still in the stage of expanding its stores and improving its single-store model, and has not fully leveraged economies of scale. The bank expects that improving operations, increasing table turnover rates to improve store efficiency, and stabilizing store openings will dilute the total headquarter costs and improve profits.
Haidilao International Holding CEO Resigns, Transfers to International Arm
[Broker Focus] CMB International expects the management changes at Haidilao (06862) to have a neutral impact, while the impact on Tenghai International (09658) is positive.
Jingu Finance News | Zhongyin International stated that Haidilao (06862) and Teahai International (09658, unrated) announced management personnel changes. Yang Lijuan resigned as Haidilao's executive director and CEO, and will become Teahai International's executive director and CEO. In addition, Gou Yiqun was appointed as Haidilao's executive director and CEO. The bank believes that the departure of key figure Yang will have a neutral impact on Haidilao: 1) Performance is good and not below expectations. 2) Haidilao's talent and competitiveness will not be weakened. 3) In addition to solid progress in operations in recent years, both the product strength and brand value are excellent.
Haidilao's Chief Executive Change Signals Pivot to New Growth Driver -- Market Talk
Express News | Super Hi International Holding Ltd: Li to Continue as Senior Regional Manager, Executive Director
Express News | Super Hi International Holding Ltd: Yang's Appointment Follows Resignation of Li Yu
Express News | Super Hi International Holding Ltd: Appointment of Yang Lijuan as Chief Executive Officer
Haidilao (06862.HK): Yang Lijuan resigns as CEO, Gou Yiqun is appointed as executive director and CEO.
On June 21st, Gelon Hui reported that Haidilao(06862.HK) announced that Yang Lijuan resigned as the company's executive director and CEO, and it will take effect from July 1, 2024. Gou Yiqun was appointed as the company's executive director and CEO, and it will take effect from July 1, 2024.
Express News | Super Hi Announces Changes to Executive Leadership and Board Composition
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