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Super Hi International Holding Ltd. (9658) AI Stock Analysis
Super Hi International Holding Ltd.
(HKEX:9658)
The score is held back primarily by weak technical momentum (price below key moving averages with negative MACD) and a high P/E that implies elevated expectations. Financial performance is improving overall with strong revenue growth and solid cash generation, but recent margin compression is a notable concern. The latest earnings call supports a moderately constructive view due to improving operating metrics and expansion guidance, tempered by FX-driven net loss and uneven same-store/regional performance.
Super Hi International Holding Ltd. (9658) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 4.67B
- Dividend Yield
- ―
- Average Volume (3M)
- 301.06K
- Price to Earnings (P/E)
- 50.9
- Beta (1Y)
- 0.72
- Revenue Growth
- 10.84%
- EPS Growth
- -79.93%
- Country
- Hong Kong
- Employees
- 14,003
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Restaurants
Super Hi International Holding Ltd. Business Overview & Revenue Model
Company Description
As an investment holding company, Super Hi International Holding Ltd. manages Haidilao-branded Chinese restaurants across a global network, including significant operations in Asia and North America. In addition to its restaurant operations, the comp...
How the Company Makes Money
Super Hi International Holding Ltd. makes money primarily by operating Haidilao hot pot restaurants overseas and earning revenue from food and beverage sales to customers. Its core revenue stream is dine-in restaurant revenue, which typically include...
Super Hi International Holding Ltd. Earnings Call Summary
The call was broadly positive. Revenue, customer visits, table turnover, operating profit, operating margin, operating cash flow, delivery and other business revenue, store expansion, and new-store ramp-up all improved, while management outlined continued investment in digital capabilities, memberships, localized products, supply chains, and new brands. These strengths were partly offset by a net loss caused by a more than $20 million year-over-year foreign-exchange swing, a slight gross-margin decline, lower daily revenue and same-store sales, and weaker performance in North America and other regions.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management expects several new stores to open successfully in the second half of the year, with the full year new store opening target in the double digits; it expects double-digit new stores to open in North America, East Asia, and Southeast Asia, while about a dozen stores with substantial progress, including stores in North America and the U.K. already in construction phase, will open successively over the next 2 years. There is currently no definite entry plan for new countries. For new stores, management is looking at a standard payback period of 3 to 4 years, roughly, with Southeast Asia relatively faster and Europe and America relatively slower, while overall per store expenditure remains stable. Management has no plans for a uniform price adjustment, will continue Pomegranate Plan investment while controlling the pace and strictly managing budgets, and expects operating leverage as the second half enters the peak season.
Super Hi International Holding Ltd. Financial Statement Overview
Summary
Revenue growth is a clear strength and the company’s financial profile is much improved versus 2021–2022 (better equity position and stronger cash generation). The key drag is the sharp profitability step-down in TTM, with net margin and returns on equity softening materially despite continued top-line expansion.
Income Statement
64PositiveBalance Sheet
68PositiveCash Flow
70Positive| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 888.35M | 842.00M | 778.31M | 686.36M | 558.23M | 312.37M |
| Gross Profit | 243.74M | 190.21M | 233.72M | 225.61M | 183.53M | 43.39M |
| EBITDA | 135.63M | 137.24M | 135.61M | 120.09M | 53.22M | -60.52M |
| Net Income | 10.28M | 36.48M | 21.80M | 25.65M | -41.25M | -150.75M |
Balance Sheet | ||||||
| Total Assets | 750.98M | 745.78M | 684.42M | 576.88M | 576.11M | 626.72M |
| Cash, Cash Equivalents and Short-Term Investments | 269.91M | 274.75M | 254.72M | 152.91M | 93.89M | 126.12M |
| Total Debt | 234.35M | 228.77M | 212.63M | 202.94M | 242.30M | 745.57M |
| Total Liabilities | 351.33M | 354.19M | 322.76M | 304.76M | 334.07M | 813.90M |
| Stockholders Equity | 395.93M | 390.05M | 360.03M | 270.09M | 239.81M | -187.18M |
Cash Flow | ||||||
| Free Cash Flow | 89.28M | 61.36M | 84.95M | 81.07M | 7.85M | -63.03M |
| Operating Cash Flow | 120.83M | 114.65M | 119.70M | 114.05M | 68.32M | 4.38M |
| Investing Cash Flow | -182.34M | -177.31M | -27.62M | -11.78M | 888.00K | -87.46M |
| Financing Cash Flow | -48.70M | -51.03M | 12.58M | -43.79M | -65.87M | 108.50M |
Super Hi International Holding Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9658, the sentiment is Negative. The current price of 7.94 is below the 20-day moving average (MA) of 8.46, below the 50-day MA of 9.28, and below the 200-day MA of 10.91, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 33.07 is Neutral, neither overbought nor oversold. The STOCH value of 23.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9658.
Super Hi International Holding Ltd. Risk Analysis
Super Hi International Holding Ltd. disclosed 70 risk factors in its most recent earnings report. Super Hi International Holding Ltd. reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksSuper Hi International Holding Ltd. Peers Comparison
Overall Rating
HK:681172Outperform
HK:686268Neutral
HK:005263Neutral
HK:034162Neutral
HK:053862Neutral- HK:965858Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:6811 | 72Outperform | HKD 1.52B | 10.69 | 15.54% | 7.13% | 8.46% | 56.14% |
| HK:6862 | 68Neutral | HKD 52.53B | 10.93 | 40.40% | 8.07% | 10.63% | -5.49% |
| HK:0052 | 63Neutral | HKD 642.58M | 15.50 | 6.33% | 6.04% | -0.04% | 16.95% |
| HK:0341 | 62Neutral | HKD 3.35B | 20.37 | 6.13% | 6.73% | -4.50% | -29.22% |
| HK:0538 | 62Neutral | HKD 845.94M | 34.00 | 0.75% | 10.21% | 8.18% | 100.92% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:9658 | 58Neutral | HKD 4.67B | 50.86 | 2.63% | ― | 10.84% | -79.93% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:9658 | Super Hi International Holding Ltd. | 7.94 | -5.62 | -41.45% | |
| HK:0052 | Fairwood Holdings | 4.96 | 0.16 | 3.23% | |
| HK:6862 | Haidilao International Holding | 9.43 | -2.67 | -22.08% | |
| HK:0341 | Cafe de Coral Holdings Ltd. | 5.94 | 0.10 | 1.69% | |
| HK:0538 | Ajisen (China) Holdings Limited | 0.78 | -0.08 | -9.04% | |
| HK:6811 | Tai Hing Group Holdings Ltd. | 1.56 | 0.53 | 51.35% |
Super Hi International Holding Ltd. Corporate Events
Super Hi reshuffles finance and secretarial leadership as CFO departs for Haidilao
Super Hi International Holding Ltd. has announced the resignation of joint company secretary, authorised representative and chief financial officer Qu Cong, effective 2 September 2026, as she departs to take a central support role at Haidilao Interna...
Super Hi boosts Q2 revenue and margins as Haidilao overseas business gains efficiency
Super Hi reported unaudited second-quarter 2026 revenue of US$218.8 million, up 10% year on year, as it modestly expanded its Haidilao network from 127 to 129 restaurants and lifted overall average table turnover and same-store turnover to 3.9 and 4....
Super Hi boosts operating income and diversifies revenue as profits slip
Super Hi International Holding Ltd., the international operator of Haidilao hot pot restaurants, has expanded its network to 129 outlets across Southeast Asia, East Asia, North America and other regions. The group is also building ancillary businesse...
Super Hi International Sets August 26 Board Meeting for Interim Results and Possible Dividend
Super Hi International Holding Ltd. will convene its board of directors on August 26, 2026, to review and approve the group’s unaudited financial results for the second quarter and the first half of 2026. The board will also consider the potent...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 15, 2026