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<Research>Citi Expects HAIDILAO to Benefit from CN Govt's Boost to Service Consumption, Opens Positive Catalyst Watch
Recommend 16 Positive 21 Negative 5 |
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During the recently concluded Central Economic Working Conference, the Chinese government underscored plans to "eliminate unreasonable restrictions on consumption and boost service consumption". The broker expected the government to unwind some anti-extravagance measures by 2026, with casual-dining players like HAIDILAO (06862.HK) benefiting more than quick-service restaurants. Haidilao remained Citi's top pick in the Chinese dining sector, and it was more upbeat about casual-dining players than quick-service restaurants next year. The broker opened a 30-Day Positive Catalyst Watch on Haidilao, setting a target price of HK$18.5 and a Buy rating. AASTOCKS Financial News Website: www.aastocks.com |
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