On June 19, GeLongHui reported that Yihai International (1579.HK) increased by 5.68%, with a price of HKD 15.26, and a total market value of HKD 15.8 billion. GF Sec initiated a coverage on Yihai International with a “buy” rating and a fair value of HKD 18, indicating that it may reach a turning point in growth and incentive model reform. In addition, in 2023, both the company and Haidilao have greatly increased their dividend payout ratio to 90%, considering sufficient production capacity, low capital expenditure, and abundant cash flow, which may support high dividends.
港股异动｜颐海国际涨近6% 广发证券首予其“买入”评级
Yihai Intl rose nearly 6% in Hong Kong stock market, and GF sec initiated a buy rating for it.
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