Added to YB: 2024-07-24
Pitch date: 2024-07-22
9922.HK [neutral]
Jiumaojiu International Holdings Limited
-43.48%
current return
Author Info
Investing in China is a full time Shanghai-based investor analyzing Chinese & SE Asian stocks. Sign up for the newsletter.
Company Info
Jiumaojiu International Holdings Limited engages in managing and operating Chinese cuisine restaurant brands in the People’s Republic of China, Singapore, Canada, Malaysia, Thailand, and the United States.
Market Cap
HKD 4.5B
Pitch Price
HKD 3.04
Price Target
N/A
Dividend
4.40%
EV/EBITDA
3.47
P/E
10.24
EV/Sales
0.83
Sector
Hotels, Restaurants and Leisure
Category
N/A
Part 2: Chinese hot pot chains - Jiumaojiu $9922.HK
JiuMaoJiu (9922.HK): Multi-brand Chinese restaurant chain. Main brands Tai Er (sauerkraut fish) & Song Hot Pot growing, Jiu Mao Jiu declining. 2024 plans: 80-100 new Tai Er, 35-40 Song Hot Pot in China. Concerns: limited growth potential (est. <1000 Tai Er stores), weak same-store sales, franchising risks. PE 10, 4% dividend, but cash flow negative. Profit warning & Q2 decline in table turnover & spending.
Read full article (13 min)