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HAIDILAO Spikes 5%+ as 2024 NP Swells 4.6% w/ TP Lifted by Brokers
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HAIDILAO (06862.HK)'s 2024 net profit surged by 4.6%, and its target price was raised by various brokers. It opened 0.45% higher today and reached a peak of $18.66. It last traded at $18.56, up 5.33%, on a volume of 19.9807 million shares, involving $363 million.

HAIDILAO's 2024 revenue was RMB42.755 billion, marking a growth of 3.1% YoY, while its net profit leaped by 4.6% to RMB4.708 billion, with EPS standing at RMB87 cents. The company declared a final dividend of HK50.7 cents, compared to HK82.4 cents in the same period last year.

Related NewsCICC Lifts HAIDILAO (06862.HK) TP to $19.5, Focuses on New Store Openings & New Brand Growth Potential
BofA Securities lifted its target price for HAIDILAO to $18.3 with a Neutral rating, saying that the company's 2H24 revenue missed, but its GPM was higher than expected.

Nomura elevated its target price to $21.6 with a Buy rating as HAIDILAO's 2H24 earnings beat expectations along with a higher dividend payout ratio.

HSBC Global Research also hiked its target price for HAIDILAO to $15.7 and gave it a Hold rating.
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