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HAIDILAO Sags 6%+ after G Sachs Predicts 1H NP Flat with Rating Sell Kept
HAIDILAO (06862.HK), under notable selling pressure this morning (20th), last slid 6.25% to $15.3 at the midday close, with 11.629 million shares traded, involving $182 million.Gol...
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HAIDILAO Sags 6%+ after G Sachs Predicts 1H NP Flat with Rating Sell Kept
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SHORT SELL
 
STOCK INFO

HAIDILAO (06862.HK)  -0.060 (-0.426%)    Short selling $40.36M; Ratio 37.630%   , under notable selling pressure this morning (20th), last slid 6.25% to $15.3 at the midday close, with 11.629 million shares traded, involving $182 million.

Goldman Sachs issued a report that it expected HAIDILAO's 1H net profit to be flat YoY, noting that HAIDILAO's earnings performance may not excite the market due to its high margin base in 1H23 and lower non-operating income. The stock is currently valued at 17x 2024 P/E, which was considered to reflect the recent solid revenue. The Sell rating was maintained with target price of $15.8.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-28 12:25.)

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