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Home / Capital / Brokers Calls

UOB Kay Hian expects 'strong traction' in Haidilao’s new store openings for FY2020 despite net loss for 1H20

Broker's Calls

UOB Kay Hian expects 'strong traction' in Haidilao’s new store openings for FY2020 despite net loss for 1H20

Felicia Tan Published on Tue, Sep 01, 2020 / 4:07 PM GMT+8

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Haidilao International may have reported a net loss of RMB965 million ($191.5 million) in 1H20 due to the impact of the Covid-19 pandemic, but UOB Kay Hian is positive on the China hotpot chain’s results for FY20 on the back of its 173 new store openings in 1H20.

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