HK Stock Market Move | SUPER HI(09658) is now up nearly 7%. The company plans to open more stores in New York and Los Angeles to further expand its overseas business.

SUPER HI (09658) is currently up nearly 7%, as of the time of writing, it has increased by 6.85%, trading at 13.1 Hong Kong dollars, with a turnover of 1055.04 million Hong Kong dollars. On the news front, on September 12th, SUPER HI CEO Yang Lijuan revealed that the company plans to open more stores in New York and Los Angeles to further expand its overseas business. At the same time, the company is also considering entering potential markets such as Switzerland, Germany, Spain, and France. In addition, in order to attract a wider customer base, SUPER HI plans to adjust the food supply in its overseas branches. It is worth noting that SUPER HI was listed on the Nasdaq Global Market in mid-May, with the stock code "HDL". China International believes that the significant significance behind SUPER HI's listing on the US stock market mainly includes the following aspects: 1) enhancing brand influence and visibility, accelerating the pace of expansion; 2) improving stock liquidity, enhancing valuation levels; 3) Adequate funding will accelerate the pace of expansion. Considering the strong turnover trend of Te Hai and the significant growth potential brought by its globalization layout, the bank believes that the company should enjoy a higher valuation than domestic catering players.