Guosen Securities: The overall operation of the travel chain is flat, embracing a high-quality leader with outstanding member traffic.
The overall performance of the travel chain company in the first half of the year was relatively flat, but the leading operation with the advantage of online platform traffic still clearly leads the large cap in the industry index, while also having the advantage of brand and membership traffic. Quality leading companies with efficient operation, mainly through franchise expansion, continue to show good alpha growth.
Lyon: Maintains "outperform" rating for Haidilao (06862), target price lowered to HKD 14.3.
Haidilao acknowledges the need to reduce employee expenditure ratio to improve restaurant profit margin.
CICC Securities lowers haidilao (06862.HK) target price to 14.3 yuan, employee expense ratio higher than expected.
Lyon's report stated that, at an investor conference, haidilao (06862.HK) acknowledged the need to reduce the employee expense ratio to increase restaurant profitability. The company reiterated its store opening guidance target and plans to open 40 to 50 new haidilao restaurants in the second half of the year, including 4 to 10 franchised operations. The firm indicated that the development of the new barbecue brand "Flame Please BBQ Shop" is the new CEO's main measure. The firm lowered the target price from 14.6 yuan to 14.3 yuan, but maintained the 'outperform' rating. Lyon pointed out that due to the higher-than-expected employee expense ratio, it adjusted the net profit forecast for haidilao from 2024 to 2026.
Haidilao (06862.HK): The nationwide chain received approximately 80,000 orders for Mid-Autumn Festival dining in the past five days.
According to the backend data of haidilao (06862.HK), as of yesterday (12th), haidilao's nationwide stores received about 80,000 orders for dining in the past five days. With Mid-Autumn Festival approaching, dining reservations continue to be hot. A haidilao spokesperson mentioned that based on the current order structure received, before the Mid-Autumn Festival, the orders received by the stores are mainly for business banquets, company team building, and friend gatherings. During the Mid-Autumn holiday, dining orders mainly focus on dining out for travel and gathering with family and friends.
Express News | Haidilao: As Mid-Autumn Festival approaches, all nationwide stores have received about 0.08 million table reservations.
Express News | Haidilao plans to further expand its overseas business, and is expected to open more stores in New York and Los Angeles next year.