SUPER HI (09658) continued to rise in early trading, and its stock price rose by 12.73%. It now reports HK$15.06, with a turnover of HK$48.7068 million.
Changjiang Securities pointed out that in the third quarter of 2024, Haidilao Restaurant's operating revenue was 0.191 billion US dollars, accounting for 96.12% of total revenue. It is still the main source of the company's revenue. The increase in the third quarter was 14.5% year-on-year, mainly due to business expansion and increase in brand influence; increase in customer traffic and turnover rate; and growth in per capita consumption. Takeout restaurant revenue increased 8.3% year on year in the third quarter, mainly due to strengthened cooperation with local takeout platforms. Other business revenue increased 21.4% year on year. Mainly, Haidilao condiments and Haidilao brand and sub-brand foods were recognized locally. The bank believes that the company's single-store model is constantly being optimized, the new store quickly achieves a break-even balance, and is optimistic about the development space of the hot pot industry in the international market and the company's future development prospects.
