Citigroup: Hai Di Lao's table turnover rate during the Spring Festival increased by more than 5%, still being the preferred stock in the Chinese catering sector.

Citibank released a report stating that, according to the bank's channel checks, Haidilao's table turnover rate during the 2026 Spring Festival holiday increased by over 5% compared to the previous year. The bank expects that Haidilao's table turnover rate in January and February will continue to show positive growth. Due to the increase in market share of Haidilao and other mainland leisure restaurants during the Spring Festival dining market, and the decrease in temporary closures of stores compared to the previous year, it is expected that Haidilao's sales in the first quarter of 2026 will continue to recover. Haidilao remains the bank's top pick in the Chinese restaurant sector, with a target price of HK$19.7 and a "buy" rating.