Haidilao Investment Return Yet to be Proven -- Market Talk

Dow Jones

03/26

0243 GMT - Haidilao's visibility on returns from its new initiatives remains limited, and incremental revenue isn't expected to contribute to near-term profits, Lina Yan, an HSBC analyst, says in a note. While 2H 2025 revenue exceeded expectations, profitability weakened due to the dilution from its low-margin businesses. The Chinese hotpot-restaurant operator's 2025 dividend fell 16%, implying a 93% payout versus 95% in 2024, she says. HSBC expects profit to remain largely flat through 2028. The bank maintains a hold rating and cuts its target price to HK$14.70 from HK$15.10 citing lower 2027 earnings estimates. Shares are down 0.6% at HK$14.14. (venkat.pr@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 22:43 ET (02:43 GMT)

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While 2H 2025 revenue exceeded expectations, profitability weakened due to the dilution from its low-margin businesses. The Chinese hotpot-restaurant operator's 2025 dividend fell 16%, implying a 93% payout versus 95% in 2024, she says. HSBC expects profit to remain largely flat through 2028. The bank maintains a hold rating and cuts its target price to HK$14.70 from HK$15.10 citing lower 2027 earnings estimates. Shares are down 0.6% at HK$14.14. 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While 2H 2025 revenue exceeded expectations, profitability weakened due to the dilution from its low-margin businesses. The Chinese hotpot-restaurant operator's 2025 dividend fell 16%, implying a 93% payout versus 95% in 2024, she says. HSBC expects profit to remain largely flat through 2028. The bank maintains a hold rating and cuts its target price to HK$14.70 from HK$15.10 citing lower 2027 earnings estimates. Shares are down 0.6% at HK$14.14. (venkat.pr@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2026 22:43 ET (02:43 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0052756011.USD","symbol_name":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622882504","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622882504","pubTimestamp":1774492980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0243 GMT - Haidilao's visibility on returns from its new initiatives remains limited, and incremental revenue isn't expected to contribute to near-term profits, Lina Yan, an HSBC analyst, says in a note. While 2H 2025 revenue exceeded expectations, profitability weakened due to the dilution from its low-margin businesses. The Chinese hotpot-restaurant operator's 2025 dividend fell 16%, implying a 93% payout versus 95% in 2024, she says. HSBC expects profit to remain largely flat through 2028. The bank maintains a hold rating and cuts its target price to HK$14.70 from HK$15.10 citing lower 2027 earnings estimates. Shares are down 0.6% at HK$14.14. 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While 2H 2025 revenue exceeded expectations, profitability weakened due to the dilution from its low-margin businesses. The Chinese hotpot-restaurant operator's 2025 dividend fell 16%, implying a 93% payout versus 95% in 2024, she says. HSBC expects profit to remain largely flat through 2028. The bank maintains a hold rating and cuts its target price to HK$14.70 from HK$15.10 citing lower 2027 earnings estimates. Shares are down 0.6% at HK$14.14. (venkat.pr@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 25, 2026 22:43 ET (02:43 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}