What happened to the catering giant Seabed Rao?
On May 6, Haidilao’s share price plunged again, and after 55 trading days since its high point on February 16 this year, Haidilao’s share price is close to being cut.
Haidilao share price close to the waist cut
On May 6, Haidilao’s share price plunged 7.40% again, and investors seem to have lost track of how many times Haidilao has plunged in the past 3 months.
Since its high point on Feb. 16 this year, Haidilao’s share price has nearly been cut, from HK$85.80 to the current HK$44.45.
The key to the stock price plunge is still the performance impact, but performance is not the only thing. Haidilao’s 2020 annual report shows that for the full year of 2020, Haidilao achieved revenue of 28.6 billion yuan, up 7.8% year-on-year, and annual net profit of 309 million yuan, down 86.8% year-on-year in 2019.
China Merchants International said it estimates that Haidilao’s recovery rate in December 2020 is 77%, which is relatively low in the industry (compared to other brands). The reason for this is due to slow recovery in business demand, household demand, low compatibility of takeaways and new store expansion.
In fact, the most difficult year for Haidilao’s actual operations, 2020, was also the time when its share price soared the fastest. Haidilao, known as “Hot Pot Mao”, was sought after by institutional funds and its stock price more than doubled in a year.
However, since this year, the institutional funds flocked to all kinds of “mao” have suffered a large adjustment, haidilao because of the performance factor stumbled.
Restaurant chain rate upward space is still large
May 6, A shares and Hong Kong shares of some of the well-known restaurant stocks fell, Hong Kong shares of the 99.9% fell 4.35%, A shares of Xi’an diet fell 8.50%, with the Qinglou fell 5.26%, Quanjude fell 3.50%, Guangzhou Restaurant fell 2.85%.
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