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| HSI1 | 25,116.53 | -177.50 | 243.63B |
| HSCEI1 | 8,456.92 | -47.89 | 82.60B |
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2026-04-02 10:27:46 CLSA said in a report that investors remain cautious about Haidilao (06862.HK) due to overly high expectations for a cut in its dividend payout ratio and a recovery in table turnover rate. However, the broker believes that given Haidilao's current challenges, a table turnover rate of 3.9 times in 2025 is already fairly solid. The number of stores is expected to increase by 2%, compared with a 7% contraction in the overall number of hotpot restaurants in 2025. The broker added that easing competition for Haidilao should help support store expansion, and estimated a CAGR of 2% to 3% in store numbers from 2026 to 2028. It also believes that Haidilao's renewed focus on developing sub-brands is strategically correct. CLSA maintained its Outperform rating on Haidilao (06862.HK), with a TP of HKD19. (hc/w)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |