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Haidilao International Holding Ltd. (8HI.F)
| Previous close | 1.9400 |
| Open | 1.9000 |
| Bid | 1.9300 x N/A |
| Ask | 2.0600 x N/A |
| Day's range | 1.9000 - 1.9000 |
| 52-week range | 1.4000 - 2.7000 |
| Volume | |
| Avg. volume | 881 |
| Market cap | 10.881B |
| Beta (5Y monthly) | 0.55 |
| PE ratio (TTM) | 17.27 |
| EPS (TTM) | 0.1100 |
| Earnings date | N/A |
| Forward dividend & yield | 0.10 (5.00%) |
| Ex-dividend date | 07 Jun 2024 |
| 1y target est | N/A |
ReutersShift 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.
ReutersChina hotpot chain Haidilao soars on surge in first-half profit
Shares in Haidilao International Holding soared 16% on Monday after China's largest hotpot chain said it expected to report a 30-fold jump in first-half profit with diners returning to restaurants after the country lifted its strict COVID curbs. The company, which is set to report results next month, said on Sunday it expects profit from continuing operations in the first half to exceed 2.2 billion yuan ($307.77 million) versus 72 million yuan last year, while revenue would rise by about 24% to 18.8 billion yuan. Sinolink Securities said in a research note the results flagged by the company were 33% better than the market had expected, and said its move to close hundreds of stores since 2021 had helped.
