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<Research> Nomura Raises TP for HAIDILAO (06862.HK) to HKD18.4, Expects Multiple Positive Factors This Year
Recommend 3 Positive 3 Negative 2 |
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Nomura published a research report indicating that HAIDILAO (06862.HK) had underwhelming results last year, with the main disappointment being the full-year dividend payout ratio dropping from approximately 95% in 2024 to about 87%. The firm maintains a "Buy" rating for HAIDILAO and raises the target price from HKD17.3 to HKD18.4. The report states that the company's full-year revenue only slightly increased by 1.1% year-on-year to RMB43.23 billion, roughly in line with market expectations. However, core operating profit fell by 13% year-on-year, primarily due to a decrease in the table turnover rate to 3.9 times, a decline in gross profit margin by 2.6 ppts to 37.9%, and increased business development expenses. Despite last year's disappointing performance, the firm believes there are multiple growth catalysts for the company in 2026. (hc/u) Auto-translated by third-party software This translation was auto-generated by third-party software. 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. More Details
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