HK Stock Market Move | DPC DASH (01405) rises more than 10%, Buffett builds position in Domino's Pizza, Domino's Pizza China stores surpass 1,000.

DPC DASH (01405) jumped more than 10% in the morning session, up 9.52% to HK$79.95 by the time of publication, with a trading volume of HK$20.67 million. On the news front, Warren Buffett's Berkshire Hathaway disclosed in its 13F report that it acquired a 3.7% stake in Domino's Pizza in the third quarter. It is worth noting that according to official disclosures, the total number of Domino's Pizza stores in China has exceeded 1000. Domino's Pizza China CEO Wang Yi previously stated that the company aims to open at least 5000 stores in the Chinese market in the future. According to Sinolink research report, DPC DASH brand has strong momentum, leading in same-store and new store performance, with a positive outlook. In the first half of 2024, the company's revenue was 2.04 billion yuan, up 48%, adjusted net profit was 50.89 million yuan, and adjusted EBITDA was 230 million yuan, up 84%. Despite the challenges in the restaurant industry, the company's same-store sales in the first half of 2024 increased by 3.6% year-on-year, bucking the trend.