Citi keeps HKD 15.50 target for Haidilao stock

Published on 10/20/2026 at 19:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue reached CNY 22.30 billion. Haidilao stock costs EUR 1.09 on October 20, 2026 at 7:50 p.m. CEST.

Analyst target and revenue growth

On October 13, 2026, Citi maintained a Buy rating and HKD 15.50 target.
First-half 2026 revenue rose 7.90 percent to CNY 22.30 billion.
Haidilao stock costs EUR 1.09 at Lang & Schwarz on October 20, 2026 at 7:50 p.m. CEST.
The Hong Kong quote was HKD 9.53, with a 11.10 earnings multiple on October 20, 2026.

Haidilao, KYG4290A1013, Illustration mit AI erstellt.

Haidilao International Holding (ISIN KYG4290A1013) received a maintained Buy rating and an HKD 15.50 price target from Citi in a report dated October 13, 2026, as reported by Markets Insider. The target stands 62.64 percent above the HKD 9.53 Hong Kong quote. Haidilao was trading at EUR 1.09 at Lang & Schwarz on October 20, 2026 at 7:50 p.m. CEST.

CNY 22.30 billion first-half revenue

Haidilao reported revenue of CNY 22.30 billion for the six months ended June 30, 2026, up 7.90 percent year over year, according to the interim-report summary published by Futubull on September 22, 2026. Core operating profit rose 4.40 percent to CNY 2.51 billion, while profit for the period increased 0.50 percent to CNY 1.76 billion.

CNY 2.05 billion delivery revenue

The growth mix is changing. Delivery revenue reached CNY 2.05 billion in the first half of 2026, up 121.20 percent year over year, while other restaurant revenue rose 113.10 percent to CNY 1.27 billion. Traditional restaurant operating revenue declined 4.00 percent to CNY 17.80 billion, making the new channels an important counterweight to slower core-store sales.

HKD 9.53 quote and valuation

On the Hong Kong Stock Exchange, the stock was last at HKD 9.53 at 4:08 p.m. HKT on October 20, 2026, up 1.71 percent from HKD 9.37. Its 52-week range was HKD 8.93 to HKD 17.86, and trading volume was 14,830,000 shares. The market capitalization stood at HKD 51.6 billion, with an 11.10 earnings multiple.

The valuation sits below the latest Citi target but remains exposed to execution in delivery and newer restaurant formats. Haidilao's interim report said the company declared an HKD 0.377 per-share interim dividend and had more than 244 million members at the end of June 2026.

Comparison with peers

Haidilao: up 1.71 percent, earnings multiple 11.10, market capitalization HKD 51.6 billion. Yum China Holdings (HKEX, HKD): down 0.23 percent, earnings multiple 16.58, market capitalization HKD 121.3 billion. Jiumaojiu International (HKEX, HKD): up 1.59 percent, earnings multiple 15.10, market capitalization HKD 1.3 billion.

Target and operating mix

Citi's HKD 15.50 target is 62.64 percent above the HKD 9.53 Hong Kong quote, while the first-half figures show that delivery and newer concepts are growing faster than the main restaurant network. The next valuation debate therefore centers on whether those channels can offset the 4.00 percent decline in restaurant operating revenue.

Haidilao was trading at EUR 1.09 at Lang & Schwarz on October 20, 2026 at 7:50 p.m. CEST. The Hong Kong quote was HKD 9.53 at 4:08 p.m. HKT on October 20, 2026.

The further course of trading is shown by the continuously updated real-time quote of Haidilao stock.