HSBC: Expects HaiDiLao's stock price to outperform the industry in the next 30 days, with a target price of HK$20.

Morgan Stanley released a research report, predicting that the stock price of Haidilao will outperform the industry in the next 30 days. The company announced today that Chairman and CEO Zhang Yong plans to increase his shareholding in the company by over 100 million Hong Kong dollars within 12 months. The bank stated that this will be Zhang Yong's first share purchase since the company's IPO in 2018, which will support market sentiment and echo their constructive view on Haidilao, especially as the stock has fallen by 19% since the end of February, underperforming Chinese consumer stocks and the MSCI China index. The bank is now giving a target price of 20 Hong Kong dollars and a "buy" rating.