Lyon: Upgraded Haidilao (06862.HK) Target Price to 16 Hong Kong Dollars, Operational Efficiency Expected to Improve.

According to the Wise Wealth Finance APP, a report released by Lyon stated that the net profit of China's largest hotpot chain brand, Haidilao (06862.HK), in the first half of the year met market expectations. The slight increase in average customer spending and better-than-expected table turnover performance in lower-tier cities have become highlights. The bank believes that by optimizing employee scheduling and shifting to a franchise business model, operational efficiency is expected to improve. Therefore, the bank maintains its net profit forecasts for Haidilao in 2026 and 2027, raising the target price from HK$15 to HK$16, and maintaining an "outperform" rating. The company's dividend payout ratio remains at 95%.