---
title: "Citi raises HAIDILAO's target price to 19.7 yuan with a \"Buy\" rating"
description: "Citi raised the target price for HAIDILAO to 19.7 yuan, maintaining a \"Buy\" rating. Sales are expected to grow by 2% in 2025, benefiting from the delivery business. Although the gross margin for deliv"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272211712.md"
published_at: "2026-01-12T02:58:58.000Z"
---

# Citi raises HAIDILAO's target price to 19.7 yuan with a "Buy" rating

> Citi raised the target price for HAIDILAO to 19.7 yuan, maintaining a "Buy" rating. Sales are expected to grow by 2% in 2025, benefiting from the delivery business. Although the gross margin for delivery is lower than dine-in, Citi adjusted its net profit margin estimates for 2025 to 2027. HAIDILAO is expected to maintain a payout ratio of over 90%, with the payout ratio forecast raised to 90%. Due to a decline in interest income, the net profit forecast has been lowered by about 4%. The dividend yield is expected to rise to 6% to 7% in 2026 to 2027

Citi's research report indicates that it has raised the sales forecast for HAIDILAO (06862.HK) in 2025 by 2% to reflect the growth of its delivery business and the higher-than-expected contribution from new businesses in the second half of 2025. Due to the slightly lower gross margin of the delivery business compared to dine-in services, Citi has moderately lowered its estimated net profit margin assumptions for the group from 2025 to 2027.

Citi predicts that HAIDILAO will maintain a payout ratio of over 90% from 2025 to 2027 and has raised its payout ratio forecasts for 2025 to 2027 to 90% (previously 30%). Due to a decline in interest income, it has lowered its net profit forecast by about 4%; it expects HAIDILAO's dividend yield to rise to 6% to 7% in 2026 to 2027. The bank has raised HAIDILAO's target price from HKD 18.5 to HKD 19.7 and maintains a "Buy" rating

### Related Stocks

- [06862.HK - HAIDILAO](https://longbridge.com/en/quote/06862.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.