HK Stock Market Move | SUPER HI (09658) surged by over 5% again, accumulating a total increase of 75% since its performance report. Both same-store ASP and turnover rate improved in the third quarter.

SUPER HI (09658) surged more than 5% again, with a post-performance cumulative increase of over 75%. As of the time of writing, it rose by 5.2% to 23.25 Hong Kong dollars, with a turnover of 18.26 million Hong Kong dollars. On the news front, SUPER HI previously released its third-quarter performance, achieving a revenue of 1.98 billion US dollars, a year-on-year increase of 14.6%; an operating profit margin of 7.5%, a year-on-year increase of +1.8%; and a net profit attributable to the parent company of 37.7 million US dollars. In the third quarter of 2023, it was -1.4 million US dollars. Huatai pointed out that the company has balanced the speed of opening stores with the quality of individual stores well this year. Benefitting from the enhanced operational quality in the traditional peak season of the third quarter, same-store ASP and table turnover rate have increased, driving both revenue and profit growth. Minsheng Securities pointed out that SUPER HI inherits the management and restaurant operation experience of HAIDILAO in China. Its restaurant operation and management capabilities have been validated. The company continues to provide innovative dishes tailored to local conditions to better penetrate the local population. Since 2024, SUPER HI's overall table turnover rate has maintained a healthy level of 3.8-3.9 times per day, with overall single-store daily sales revenue steadily increasing to 17,700 US dollars in the third quarter. The same-store sales continue to grow, and the store operating profit margin has been improving since 2023. Overall operational data and profitability are on the rise.