Morgan Stanley: Downgrades Haidilao (06862.HK) to "In-Line" with target price cut to HK$10.5

Zhito Finance APP has learned that Morgan Stanley issued a research report stating that Haidilao (06862.HK) providing its chairman with a loan of up to RMB 100 million for a one-month term may further weigh on investor sentiment. The bank downgraded the rating from "Overweight" to "In-Line," and lowered the target price from HKD 16.5 to HKD 10.5.