---
title: "Nomura raises HAIDILAO's target price to 18.4 yuan, expecting multiple favorable factors this year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280955861.md"
description: "Nomura raised the target price for HAIDILAO to HKD 18.4 and maintained a \"Buy\" rating. Although the company's performance last year did not meet expectations, with a slight increase in annual revenue of 1.1% to RMB 43.23 billion and a 13% decline in core operating profit, several growth catalysts are expected in 2026"
datetime: "2026-03-30T04:38:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280955861.md)
  - [en](https://longbridge.com/en/news/280955861.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280955861.md)
---

# Nomura raises HAIDILAO's target price to 18.4 yuan, expecting multiple favorable factors this year

Nomura published a research report indicating that HAIDILAO (06862.HK) performed below expectations last year, with the main disappointment being the annual dividend payout ratio reduced from approximately 95% in 2024 to about 87%; it maintained a "Buy" rating for HAIDILAO, raising the target price from HKD 17.3 to HKD 18.4.

The report stated that the company's total revenue for the year only slightly increased by 1.1% year-on-year to RMB 43.23 billion, which was roughly in line with market expectations, but core operating profit fell by 13% year-on-year, primarily due to the annual table turnover rate dropping to 3.9 times, a decline in gross profit margin by 2.6 percentage points to 37.9%, and increased business development expenses. The report believes that despite last year's disappointing performance, the company still has several growth catalysts in 2026

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