Haidilao 6862

Haidilao 6862

Postby winston » Thu Aug 29, 2019 11:00 am

not vested

HAIDILAO(6862)

Analysis:

In 2015, 2016 and 2017, it ranked first in the Chinese hot pot cuisine market.

In 2017, the market share was 2.2%.

The number of restaurants owned and operated is 320, including 296 in mainland China and 24 restaurants in Taiwan, Hong Kong and overseas in Singapore, Korea, Japan and the United States.

In the first half of 2019, revenue increased by 59.3% y.o.y. to RMB11.694 billion, and net profit increased by 40.9% y.o.y. to RMB911 million.

During the period, same store sales increased 4.7% y.o.y., the average spending per guest was RMB104.4, and the overall table turnover rate was 4.8 times per day.

China`s hot pot restaurant market g rew at a CAGR of 11.6% from 2013 to 2017, and is expected to grow at a CAGR of 10.2% from 2017 to 2022.

It is the fastest growing segment of Chinese catering and has the largest market share.

2017 The annual market share is 13.7%.

From 2013 to 2017, China`s catering service market revenue grew at a CAGR of 10.7%, and is expected to grow at a CAGR of 9.6% by 2022.

Strategy:
Buy-in Price: $36.20, Target Price: $40.00, Cut Loss Price: $32.00

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Haidilao 6862

Postby winston » Mon Dec 02, 2019 1:09 pm

not vested

HAIDILAO(6862)

Analysis:

In 2015, 2016 and 2017, it ranked first in the Chinese hot pot cuisine market.

In 2017, the market share was 2.2%.

The number of restaurants owned and operated is 320, including 296 in mainland China and 24 restaurants in Taiwan, Hong Kong and overseas in Singapore, Korea, Japan and the United States.

In the first half of 2019, revenue increased by 59.3% y.o.y. to RMB11.694 billion, and net profit increased by 40.9% y.o.y. to RMB911 million.

During the period, same store sales increased 4.7 % y.o.y., the average spending per guest was! RMB104.4, and the overall table turnover rate was 4.8 times per day.

China's hot pot restaurant market grew at a CAGR of 11.6% from 2013 to 2017, and is expected to grow at a CAGR of 10.2% from 2017 to 2022.

It is the fastest growing segment of Chinese catering and has the largest market share. In 2017, the annual market share is 13.7%.

From 2013 to 2017, China's catering service market revenue grew at a CAGR of 10.7%, and is expected to grow at a CAGR of 9.6% by 2022.

Strategy:
Buy-in Price: $32.60, Target Price: $40.00, Cut Loss Price: $28.00

Source: Phiilips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Haidilao 6862

Postby winston » Mon Sep 14, 2020 10:49 am

not vested

HAIDILAO(6862)

Analysis:

Haidilao`s (6862.HK) main business is operating hot pot restaurants and takeaways under the “Haidilao” brand.

Affected by the epidemic in the first half of the year, the company`s turnover fell by 16.5% to RMB 9.761 billion, accounting for 93.9% of total revenue.

The takeaway business and condiment and food sales business grew by 120% and 3.9% respectively during the period.

During the period, the company also opened 173 new Haidilao restaurants.

As of June 30, 2020, the group had a total of 935 ! stores worldwide.

At the beginning of September, the company announced the acquisition of 80% of the equity of "Hanshe Chinese Cuisine" (漢舍中國菜) and "Hao Noodle" for 120 million yuan and 3.04 million US dollars, respectively.

The relevant business is expected to provide synergies to its business and further strengthen its market position and competitiveness.

Strategy:
Buy-in Price: $56.00, Target Price: $62.00, Cut Loss Price: $50.00

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Haidilao 6862

Postby winston » Mon Jan 16, 2023 3:25 pm

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HAIDILAO(6862)

Analysis:

HaiDiLao(6862.HK) is a China's hot pot restaurant company.

For the six months ended June 30, the company's revenues amounted to RMB 16.8 billion, decreasing 16.6% YoY.

Loss for the period amounted to RMB 270 million, turning from profit to loss YoY.

As the Lunar New Year is approaching, as the peak of the epidemic passes, the demand for company and family dinners will increase significantly, and HaiDiLao will open New Year's Eve dinner reservation.

More than 700 HaiDiLao stores and 750 delivery stations across the country will continue to operate on New Year's Eve and New Year Day.

According to Chinese media reports, HaiDiLao's company reservations this year have increased compared with last year, and the peak booking period has come earlier, reflecting the strong recovery of the catering market, which will benefit the company's stock price.

Strategy:
Buy-in Price: $22.55, Target Price: $24.70, Cut Loss Price: $21.00

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Haidilao 6862

Postby winston » Mon Feb 27, 2023 9:50 am

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HAIDILAO Rockets Almost 14%; 2022 Results Expected to Swing into RMB1.3B Profit

HAIDILAO (06862.HK) opened up by 10.33% today (27th), once peaking at $22.25, hitting a new high in almost one month.

It last printed at $21.9, up 13.7%, on a volume of 4.046 million shares and turnover of $86.9757 million.

HAIDILAO issued a positive profit alert, announcing that the Group is expected to record a net profit of no less than RMB1.3 billion for the year ended December 31, 2022, as compared to the net loss of RMB4.161 billion for the year ended December 31, 2021.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
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Re: Haidilao 6862

Postby winston » Mon Feb 27, 2023 11:37 am

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CLSA Cuts HAIDILAO TP to $22.7 to Reflect Slower Growth in Store Unit Sales

HAIDILAO (06862.HK) issued a positive profit alert, forecasting the company to turn profitable in 2022 with a net profit of at least RMB1.3 billion, CLSA reported.

However, despite the economic reopening of Mainland China, the decelerated recovery pace year-to-date is a worrying sign, that the high-growth period for the food industry has elapsed, the broker added.

That said, CLSA believed that HAIDILAO's strong brand value would help the company when competition eases.

The broker chopped the 2023-24E earnings for the company by 17% each to reflect the slower growth for unit store sales.

The target price for the stock was slashed from $27 to $22.7, with its rating kept at Outperform.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
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Re: Haidilao 6862

Postby winston » Mon Feb 27, 2023 4:52 pm

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Nomura: HAIDILAO Profitability Beats; Rating Kept Neutral

HAIDILAO (06862.HK), having earlier issued a positive profit alert, reported desirable profitability, Nomura said in its report.

Last year's net profit forecast was well beyond the broker and market expectations, thanks to operational improvements in 2H22.

More details are still needed to assess the sustainability of HAIDILAO's margin improvement, therefore Nomura kept the stock at Neutral with $17.5 TP intact, and maintained it as the sector top pick.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
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Re: Haidilao 6862

Postby winston » Mon Feb 27, 2023 4:55 pm

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CICC: HAIDILAO Capability to Mitigate Operating Deleveraging Beats

HAIDILAO (06862.HK) had issued a positive profit alert, expecting to post a revenue of no less than RMB34.6 billion last year, down by up to 15.8% YoY, CICC said in its report.

The net profit was no less than RMB1.3 billion, turning around from loss YoY.

The performance exceeded CICC's forecast, on the back of remarkable results in cost reduction and efficiency increase in 2H22.

Related News: Nomura: HAIDILAO Profitability Beats; Rating Kept Neutral

The rating was kept Outperform with TP hiked by 10% to HK$23.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... t-news/HK6
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Re: Haidilao 6862

Postby winston » Tue Apr 04, 2023 9:52 am

Benefiting from recovery post reopening

Haidilao reported that total revenue, excluding the spin-off of Super Hi, was down
20.6% yoy to Rmb31bn, in line, due to severe Covid impact in FY22.

Net profit excluding Super Hi was Rmb1.6bn vs. a net loss of 3.2bn in FY21, beating
our expectation, driven largely by improved operating efficiency and expense control.

The table turnover rate in Greater China was 3x and 3.1x for same stores in FY22 vs.
3x and 3.4x in FY21. We expect the table turnover to improve to 3.2x in FY23F.

We believe Haidilao will continue to improve its margins in FY23F and to achieve
revenue and NP growth of 41.3% and 66.5% yoy, respectively, in FY23F.

We reiterate Add rating with a slightly higher DCF-based TP of HK$28.4.

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... C6BF2CFCC4
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Re: Haidilao 6862

Postby winston » Wed Apr 19, 2023 4:13 pm

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HAIDILAO(6862)

Analysis:

HAIDILAO (6862.HK) is a hot pot catering company in China.

The company announced FY2022 annual report.

The company's FY2022 revenue amounted to RMB 34.7 billion, decreasing 15.5% YoY.

The profit attributable to the owners of the company amounted to RMB 1.37 billion, turning losses into profits YoY.

The turnaround was mainly attributable to the “woodpecker” scheme, the company closes the loss-making stores, improves the operating efficiency of the overall restaurant, and improves the situation of increasing revenue but not increasing profits.

Moreover, the easing of the epidemic and the change of China's epidemic prevention policy have significantly improved the performance of restaurant operations.

Strategy:
Buy-in Price: $20.20, Target Price: $22.00, Cut Loss Price: $18.90

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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