Daiwa cuts Haidilao target to HK$11.3, keeps Outperform rating
AI Summary- Daiwa lowered Haidilao's target price while maintaining its Outperform rating.
- HK$11.3 replaced the previous HK$13.2 target after 259 million shares were sold.
- Haidilao plans faster expansion through middle-platform development and new-brand replication.