Haidilao stock gets a lower HKD 11.81 target from Haitong

Published on 10/08/2026 at 05:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Haidilao stock faces a lower target after Haitong cut its view from HKD 16.4 to HKD 11.81 on October 7, 2026. First-half revenue rose 7.9 percent.

Haidilao, KYG4290A1013, Illustration mit AI erstellt.

Haidilao International Holding stock was trading at HKD 9.26 on HKEX on October 8, 2026, at 11:32 a.m. HKT, up HKD 0.05 or 0.54 percent from the prior close. The immediate market question is whether Haitong International's lower target reflects a temporary operating dip or a longer reset in growth expectations.

Haitong cuts target to HKD 11.81

According to Futu on October 7, 2026, Haitong International kept its Outperform rating but lowered the price target from HKD 16.4 to HKD 11.81. The revised target is HKD 2.55 above the October 8 trading price, while the previous target was HKD 7.14 higher.

The report linked the revision to operating trends across the core restaurant business. Table turnover improved quarter over quarter during the summer period, but August turnover still declined year over year, while September was expected to be broadly unchanged year over year.

Delivery grows while margins narrow

Haidilao's first-half 2026 revenue reached RMB 22.3 billion, up 7.9 percent year over year, according to Futu in a September 23, 2026 report. Core operating profit rose 4.4 percent to RMB 2.51 billion, while net profit attributable to shareholders increased 0.5 percent to RMB 1.77 billion.

Delivery was the sharpest growth engine, reaching RMB 2.1 billion after a 121 percent year-over-year increase. Restaurant operating revenue fell 4.0 percent to RMB 17.8 billion, showing why faster delivery growth has not translated into equally strong overall profitability.

The core operating profit margin was 11.3 percent in the first half, down 0.4 percentage points year over year. Average table turnover at self-operated restaurants rose to 3.9 times per day from 3.8 times, while average customer spending declined to RMB 97.0.

Consensus remains above the market price

MarketScreener lists a Buy consensus from 30 analysts and an average target of CNY 13.06. The target is reported in CNY, so it is not directly compared with the HKD trading price. The consensus sits against a stock that remains well below its 52-week high.

Stock stays near its yearly low

Haidilao stock traded between HKD 8.95 and HKD 17.86 over the 52 weeks through October 8, 2026. Its HKD 9.26 price was 3.5 percent above the yearly low and 48.2 percent below the yearly high, while volume reached 4,811,683 shares.

Haidilao International Holding stock was last at HKD 9.26 on HKEX on October 8, 2026, with market capitalization of HKD 50.1 billion. The combination of 121 percent delivery growth and a 0.4 percentage point margin decline leaves operating mix and customer spending as the key figures for the next results cycle.