‘Undervalued’ with ‘impressive’ 95% payout ratio after 2QFY2024 results
Hong Kong-listed Chinese hotpot restaurant operator Haidilao International is “undervalued”, with its shares trading at just 12 times Morningstar Equity Research’s estimated FY2024 earnings.
Haidilao International Holding
Price target:
Morningstar ‘four stars’ HK$17.10
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