According to the Finance and Economics APP, Super Hi (09658) rebounded by over 7% in the morning trading session, as of the press time, rose by 3.3%, at 13.14 Hong Kong dollars, with a turnover of 9.9333 million Hong Kong dollars.

Regarding the news, Super Hi International released the business performance for the third quarter of 2024, the group achieved an income of 0.199 billion US dollars, a year-on-year increase of 14.6%; the net profit attributable to owners of the company was 37.724 million US dollars, compared to a loss of 1.39 million US dollars in the same period last year, turning losses into profits. HTSC believes that the peak season in the fourth quarter is expected to continue the strong performance. The company actively implements the multi-brand plan, cultivating single-store models for new categories such as noodle restaurants and halal hot pot, with considerable potential for medium to long-term growth.

Minsheng Securities released a research report stating that the rise in both quantity and price drove a 14.5% year-on-year increase in restaurant revenue, with good growth in takeaway and other businesses under the increase in customer traffic; the restaurant network is relatively stable, with a 5.6% increase in same-store sales; reasonable cost control and efficiency improvement enhance profitability; the localization strategy + pomegranate plan tap into market potential. Leveraging the brand influence, refined management concept, and localized innovation-driven strategy of Super Hi International, the company has broad expansion opportunities in overseas markets.