Hotpot Stock Jumping 78% Still Has Room to Run, Analysts Say
- Haidilao’s shares have surged since its September listing
- Fast-growing hotpot sector in China has only two listed firms
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China’s largest hotpot chain is whetting the appetite of investors as well as diners.
Haidilao International Holding Ltd., one of the largest additions to the MSCI Emerging Markets Index by market capitalization, has surged more than 78% since its Hong Kong listing last September while the Hang Sang Index slipped about 8.5% in the same period. Analysts believe there’s still steam left in this rally: the 12-month consensus target price of HK$33 ($4.21) is about 4% above the stock’s current level.