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Hong Kong Stock Market Review: The indexes fell collectively, and the Hang Seng Tech Index dropped by 1.68%. High dividend stocks, marine transportation stocks, and chip stocks were active.
The Hang Seng Index and the China Index fell by 0.52% and 0.48% respectively.
Brokerage Focus: Swhy suggests that Hong Kong-listed dining companies are introducing franchising models, and same-store growth is expected to improve in the second half of the year.
Swhy stated that Hong Kong-listed dining companies have generally passed the peak period of opening new stores, and are gradually introducing franchising models into their business models. Same-store sales in the first half of the year faced a high comparison base, which may improve in the second half.
Tatahii International released its first quarter results, with revenue increasing by 16.6% year-on-year to USD 188 million.
Techart International (09658) released its Q1 2024 results with revenue of $188 million, a YoY growth of 16.6%. The shareholders of the company suffered a net loss of $4.457 million, while a net profit of $5.616 million was achieved in the same period last year, with a loss per share of $0.01. Four new haidilao restaurants were added in Q1 2024, increasing the total number of haidilao restaurants from 115 as of December 31, 2023, to 119 as of March 31, 2024. The overall and same-store average turnover rates were 3.9 times/day, compared to 3.3 times/day in the same period in 2023. Total customer traffic.
GF Securities: yihai intl may welcome a turnaround opportunity this year, first buy rating
GF Securities released a research report stating that it covers Yihai Intl (01579) for the first time and gives a "buy" rating. It is expected that the company's net income attributable to its mother will be 940 million / 1.06 billion / 1.19 billion yuan from 2024 to 2026, with a year-on-year growth of +10.7% / + 12.4% / + 11.9%. Referring to comparable company valuations and the pace of corporate reform potential, it is given 18 times PE for 2024, corresponding to a fair value of HKD 18 per share. GF Securities' main points are as follows: Company: The sun is rising after the darkness and is ready to go. Retrospecting the journey, the company once created a three-year high in stock price during 2016-2019, taking advantage of the industry's prosperity.
Are Haidilao International Holding Ltd.'s (HKG:6862) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
It is hard to get excited after looking at Haidilao International Holding's (HKG:6862) recent performance, when its stock has declined 17% over the past month. But if you pay close attention, you mi
Hawker Who Lost $2M Opens Prawn Mee Store With Handmade "Haidilao-quality" Prawn Paste