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Super Hi International Holding Ltd.
(9658)
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Rating:54Neutral
Price Target:
HK$10.00
▼(-24.64% Downside)
Action:Reiterated
Date:09/07/26
The score is primarily supported by improving financial health and solid cash generation alongside strong revenue growth, but it is held back by a sharp TTM margin/profitability step-down. Technicals are weak (below major moving averages with negative MACD), and valuation is stretched (high P/E with no dividend yield provided), limiting the overall score.
Positive Factors
Accelerating Revenue Growth
Accelerating revenue indicates continued demand for the overseas Haidilao restaurant model and expanding operating scale. Sustained top-line growth can improve restaurant density, support reinvestment in market expansion, and create operating leverage if costs remain controlled over the coming quarters.
Negative Factors
Sharp TTM Net Margin Compression
The sharp decline in net margin shows that recent revenue growth is not translating proportionally into earnings. Persistently lower profitability would reduce reinvestment capacity, weaken returns on the overseas restaurant base, and make future results more sensitive to cost and demand changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Accelerating revenue indicates continued demand for the overseas Haidilao restaurant model and expanding operating scale. Sustained top-line growth can improve restaurant density, support reinvestment in market expansion, and create operating leverage if costs remain controlled over the coming quarters.
Read all positive factors
Super Hi International Holding Ltd. (9658) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.56B
Dividend YieldN/A
Average Volume (3M)328.79K
Price to Earnings (P/E)60.1
Beta (1Y)0.61
Revenue Growth10.84%
EPS Growth-79.93%
CountryHK
Employees14,003
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.02
Shares Outstanding650,299,000
10 Day Avg. Volume328,130
30 Day Avg. Volume328,791
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)2.54
Price to Sales (P/S)1.18
P/FCF Ratio16.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.06
Revenue Forecast (FY)HK$960.00M
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 c...
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 incl...
Super Hi International Holding Ltd. Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
68
Positive
Cash Flow
70
Positive
| 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 | 249.86M | 190.21M | 273.68M | 225.61M | 183.53M | 43.39M |
| EBITDA | 340.49M | 138.54M | 110.38M | 120.09M | 45.45M | -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
Negative
13.27
Price Trends
10.45
Negative
10.50
Negative
11.73
Negative
Market Momentum
-0.30
Positive
28.21
Positive
5.46
Positive
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 13.27 is above the 20-day moving average (MA) of 10.48, above the 50-day MA of 10.45, and above the 200-day MA of 11.73, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 28.21 is Positive, neither overbought nor oversold. The STOCH value of 5.46 is Positive, 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.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Super Hi International Holding Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$1.47B | 10.08 | 15.54% | 5.76% | 8.46% | 56.14% | |
68 Neutral | HK$57.64B | 11.62 | 40.40% | 7.68% | 10.63% | -5.49% | |
66 Neutral | HK$3.06B | 17.97 | 6.13% | 7.63% | -4.50% | -29.22% | |
65 Neutral | HK$591.41M | 13.94 | 6.33% | 6.72% | -0.04% | 16.95% | |
62 Neutral | HK$873.23M | 35.48 | 0.75% | 9.89% | 8.18% | 100.92% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | HK$5.56B | 60.14 | 2.63% | ― | 10.84% | -79.93% |
* Consumer Cyclical Sector Average
HK:9658
Super Hi International Holding Ltd.
9.28
-5.84
-38.62%
HK:0052
Fairwood Holdings
4.35
-0.83
-16.02%
HK:6862
Haidilao International Holding
10.06
-2.50
-19.89%
HK:0341
Cafe de Coral Holdings Ltd.
5.33
-1.09
-16.95%
HK:0538
Ajisen (China) Holdings Limited
0.80
-0.13
-13.77%
HK:6811
Tai Hing Group Holdings Ltd.
1.48
0.47
46.53%
Super Hi International Holding Ltd. Corporate Events
Super Hi reshuffles finance and secretarial leadership as CFO departs for Haidilao
Sep 2, 2026
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 Inte...
Super Hi boosts Q2 revenue and margins as Haidilao overseas business gains efficiency
Aug 26, 2026
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...
Super Hi boosts operating income and diversifies revenue as profits slip
Aug 26, 2026
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 busine...
Super Hi International Sets August 26 Board Meeting for Interim Results and Possible Dividend
Aug 14, 2026
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 pot...
Super Hi Investors Approve All AGM Resolutions, Back Capital Mandates and New Articles
Jun 12, 2026
Shareholders of Super Hi International Holding Ltd. approved all resolutions at their June 12, 2026 annual general meeting, including adoption of the 2025 audited financial statements and the re-election of both executive and independent non-execu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.