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Haidilao International Holding Ltd. (8HI.F)
| Previous close | 2.3200 |
| Open | 2.3400 |
| Bid | 2.3400 x N/A |
| Ask | 2.4200 x N/A |
| Day's range | 2.3400 - 2.3400 |
| 52-week range | 1.4000 - 2.7000 |
| Volume | |
| Avg. volume | 879 |
| Market cap | 13.281B |
| Beta (5Y monthly) | 0.54 |
| PE ratio (TTM) | 21.27 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.10 (4.18%) |
| Ex-dividend date | 07 Jun 2024 |
| 1y target est | N/A |
- Reuters
UPDATE 1-Haidilao restaurant operator Super Hi targets $1.38 bln valuation in US IPO
Super Hi International, which operates Chinese hotpot restaurant chain Haidilao outside China, said on Monday it was targeting a valuation of $1.38 billion in its initial public offering in the United States. Super Hi is looking to raise about $57.5 million by offering nearly 2.7 million American Depositary Shares at $21.35 apiece. The company will primarily use the IPO proceeds to expand its restaurant network globally.
- Reuters
Haidilao hotpot restaurant operator Super Hi targets $1.38 bln valuation in US IPO
Super Hi International, which operates Chinese hotpot restaurant chain Haidilao in the international market, said on Monday it was targeting a valuation of $1.38 billion in its initial public offering in the United States. The company, which has shares listed in Hong Kong, is pursuing a dual listing in New York as it seeks to broaden its shareholder base and raise additional capital. Super Hi is looking to raise about $57.5 million by offering nearly 2.7 million American Depositary Shares at $21.35 apiece.
- Reuters
Shift in Chinese retailers' strategy risks entrenching deflation
Price cuts, the proliferation of bargain stores and companies offering cheaper, scaled-down versions of their products may create a vicious cycle of lower profit margins that curtail wage and job growth and further depress consumer appetite. This stands to create more headwinds for China's stuttering post-COVID recovery. Falling income growth is normalizing lower consumption in China, with some industries experiencing declining revenue, as "companies are lowering prices to maintain their market share and avoid being squeezed out," said Wang Dan, a Shanghai-based economist at Hang Seng Bank.
