Jiumaojiu (09922.HK): The high base in the same period last year, the next stage of same-store repairs and repurchases under pressure showed confidence in long-term development
Number of stores: As of the end of Q1, Taier/ Nan Hot Pot/ Jiumaojiu/ Lai Meijiu/ Shanwai had a net opening of 6/4/-2/0/2 stores to 584/66/75/7/2, respectively. 24. The goal of opening a store is: Taier mainland
Jiumaojiu (09922.HK): High base affects short-term pressure on same-store repurchases to boost market confidence
Jiumaojiu released 2024Q1 business data. The turnover rate of Taier/ Nan Hot Pot was 3.9/3.0 times, with changes of -0.4/-0.9 times compared to 23H1; the customer unit price was 73/116 yuan, respectively, compared to 23H1.
Analysts' Top Consumer Cyclical Picks: Kering SA (GB:0IIH), Jiumaojiu International Holdings Ltd. (HK:9922)
Changes in Hong Kong stocks | Nai Xue's tea (02150) rose more than 6%, leading the restaurant stock market, which is expected to boost consumer demand for food and beverage consumption, and the prosperity of the downstream restaurant industry is gradually
The Zhitong Finance App learned that catering stocks continued to rise yesterday. As of press release, Nai Xue's tea (02150) rose 5.7% to HK$2.41; Yum China (09987) rose 3.2% to HK$303.4; Dashi shares (01405) rose 2.71% to HK$55; and Jiumaojiu (09922) rose 1.05% to HK$4.79. China Merchants Securities pointed out that in the future, hotel restaurants are expected to continue to be strong as the May Day holiday approaches. Shanghai Securities said that, driven by the holidays, demand for food and beverage consumption is expected to be released sharply, which is an important support for boosting consumer confidence throughout the year
Express News | China Merchants Securities downgraded the rating of 9 maojiu to holding, with a target price of HK$4.90.
A quick overview of the Hong Kong market | Hong Kong stocks are rising across the board! The Tech Index surged more than 3%, Kuaishou surged nearly 9%, and Meituan rose nearly 8%
Many biotech stocks rose; Lai Kai Pharmaceutical rose nearly 13%, Kangfang Biotech rose nearly 6%; gold stocks declined, Lingbao Gold fell nearly 4%, and Zijin Mining fell more than 3%.
Hong Kong consumer stocks continued to strengthen in the afternoon. Meituan rose more than 8%, China Resources Beer rose nearly 5%, and Haidilao and Jiumaojiu followed suit.
Hong Kong consumer stocks continued to strengthen in the afternoon. Meituan rose more than 8%, China Resources Beer rose nearly 5%, and Haidilao and Jiumaojiu followed suit.
Changes in Hong Kong stocks | Yihai International (01579) rose more than 5%, leading the rise in catering stocks, and the demand for food and beverage consumption is expected to be released sharply as the May 1st holiday approaches
Catering stocks picked up collectively. As of press release, Yihai International (01579) rose 5.64% to HK$15.36; Haidilao (06862) rose 4% to HK$16.66; Helens (09869) rose 3.83% to HK$2.98; and Jiumaojiu (09922) rose 3.5% to HK$4.73.
Intraday Overview | Hong Kong stocks continue to rise! The Tech Index rose more than 2%, and Tech Net stocks had the highest gains
Kuaishou rose more than 6%, JD and Meituan rose more than 5%, Tencent and Bilibili rose nearly 3%, and Baidu, Alibaba, and Xiaomi rose about 2%.
Express News | Ping An Securities: The prosperity of the downstream catering industry is gradually improving
Jiumaojiu International To Repurchase Up to HK$100 Million Shares
Jiumaojiu International Holdings (HKG:9922) plans to repurchase up to HK$100 million shares from the open market, according to a Friday filing on the Hong Kong bourse. The repurchase shares will not e
Changes in Hong Kong stocks | Jiumaojiu (09922) fell nearly 3% at the end of the session, and Taier's same-store growth rate may still be under relative pressure. “Uncle Nahwei is a Chef” ceased operations
The Zhitong Finance App learned that Jiumaojiu (09922) fell nearly 3% at the end of the session. As of press release, it was down 2.76% to HK$4.58, with a turnover of HK$547.582 million. According to the news, Jiumaojiu recently announced that in the first quarter of 2024, Taiji, Hot Pot, and Jiumaojiu had turnover rates of 3.9, 3 and 3 respectively. The average customer consumption was 73 yuan, 116 yuan and 57 yuan respectively. The average daily sales volume of the same store decreased by 13.9%, 34.8% and 4.1%, respectively. In addition, the operating announcement also shows that the “Uncle Wei is a Chef” brand ceased operations in April 2024. Company 2
Dongwu Securities: Jiumaojiu (09922.HK) share repurchase shows confidence to maintain “buy” rating
Dongwu Securities released a research report saying that maintaining the “buy” rating of Jiumaojiu (09922.HK), it is expected that the operating pace for the full year 2024 will be high before and after (corresponding to the high and back of the 23-year base), and the net profit forecast for 2024-26 will be 6.2/7.5/860 million yuan (profit CAGR of 18% for 2024-26). The current valuation is at a historically low level, and the company will place more emphasis on shareholder returns in the future. The company believes that the recent transaction price does not reflect its intrinsic value, and plans to publicly repurchase shares in the market at a maximum amount of HK$100 million (about 1.5% of the latest market value) in due course. The company's large-scale repurchases are ahead of schedule
Express News | Jiumaojiu restaurant brand “Uncle Nahwei is a master chef” ceases operations
Express News | Morgan Stanley downgraded the rating of Jiumaojiu International Holdings Limited to equal distribution, with a target price of HK$5.50.
Jiumaojiu (09922.HK): The base figure disrupts same-store share repurchases, showing confidence
Key investment event 1: The company released brand management data for the first quarter of 2024, including 1) Tai'er pickled cabbage fish: 584 stores as of 24Q1 (net increase of 6 in Q1); average daily sales growth rate of the same store was -13.9% year-on-year (
Jiumaojiu (09922) plans to repurchase shares in the market
Jiumaojiu (09922) issued an announcement. It was resolved on April 19, 2024 to be exercised according to the company's shareholders on 20...
Jiumaojiu (09922): The average daily sales volume of Tai'er's same store decreased by 13.9% year-on-year in the first quarter
Jiumaojiu (09922) announced that as of March 31, 2024, the total number of restaurants was 736. Taier,...
Changes in Hong Kong stocks | Catering stocks collectively declined, and the growth rate of food and beverage revenue declined significantly in March. Growth is under pressure due to high base and marginal influence
Catering stocks declined collectively. As of press release, Jiumaojiu (09922) fell 5.13% to HK$4.62; Family Fun Group (00341) fell 3.12% to HK$7.76; and Helens (09869) fell 3.42% to HK$2.82.
Jiumaojiu (09922.HK): Repurchase under pressure under high Q1 base shows confidence
Incident: April 19, 2024, the company announced 1Q24 operating data. The average daily sales of the same stores in 1Q24 Tai'er, Hot Pot, and Jiumaojiu were -13.9%/-34.8%/-4.1% year-on-year, respectively. Commenting on the industry
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