On September 4, HAIDILAO rose 3.08% in regular trading, trading at HK$11.69/share, with turnover of HK$67.14 million. The rally was primarily driven by two major brokerages issuing supportive research reports on September 3, both maintaining their Buy ratings on the stock.

Shenwan Hongyuan maintained its Buy rating and a target price of HK$17.30 based on a DCF model, highlighting the company's outstanding H1 delivery and new business segment growth, with delivery revenue surging 121.2% year-over-year. Dongwu Securities also maintained its Buy rating, citing the smooth progress of the Red Pomegranate Plan and significant future growth potential, with adjusted net profit forecasts of RMB 4.17 billion, RMB 4.76 billion, and RMB 5.43 billion for the next three years.

The positive broker signals come after HAIDILAO reported H1 revenue of RMB 22.34 billion, up 7.9% year-over-year, with table turnover improving to 3.9 times per day. The company also declared an interim dividend of HK$0.377 per share, up 11.5%, helping offset earlier negative sentiment from several investment banks trimming target prices.

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