DPC Dash (01405) rose by more than 5% midday, up 5.11% as of press time, trading at 66.9 Hong Kong dollars, with a turnover of 7.9075 million Hong Kong dollars.
According to the Securities Times app, DPC Dash (01405) rose by more than 5% midday, up 5.11% as of press time, trading at 66.9 Hong Kong dollars, with a turnover of 7.9075 million Hong Kong dollars.
On the news front, Domino's CEO Wang Yi said recently that they plan to open at least 5000 stores in the Chinese market in the future. As of September 30, 2024, Domino's had 978 stores operating in 33 cities in China, and is set to open its 1000th store within the year. To further strengthen their presence in the Chinese market, Domino's China recently established dual headquarters in Xuhui District, Shanghai.
Sinolink Securities previously pointed out that DPC Dash has strong brand momentum, leading performance in same-store and new store openings, and favorable fundamentals. In the first half of 2024, the company's revenue was 2.04 billion yuan, up by 48%, adjusted net income was 50.89 million yuan, and adjusted EBITDA was 0.23 billion yuan, an increase of 84%. Despite significant pressure in the dining industry, the company achieved a same-store sales growth of +3.6% in 1H24, against the trend. By the end of 3Q23, the company operated a total of 978 stores. According to its plan to open 240 new stores per year, it is expected that by the end of 2024, the number of stores will exceed 1000, with a year-on-year growth rate expected to exceed 30%.