Understanding the Market | DPC DASH's intraday rise exceeds 7%, with a nearly 25% year-on-year increase in net profit in the first half of the year, and the speed of opening stores exceeds expectations

Zhitong
2024.08.29 05:57

DPC DASH rose more than 7% intraday. As of the time of publication, it has risen by 5.49% to HKD 67.2, with a turnover of HKD 42.0727 million. In terms of news, DPC DASH announced that its total revenue in the first half of the year was RMB 2.04 billion, a year-on-year increase of 48.3%; the company's attributable net profit for the period was RMB 10.907 million, a year-on-year growth of 24.6%. Guojin Securities pointed out that in the first half of the year, the company opened 146 new stores, completing 61% of the annual plan, with an expansion speed exceeding expectations; same-store sales grew against the trend, reflecting strong product strength and brand momentum; store user experience continues to be optimized, group-level expense ratio is declining, and economies of scale are gradually emerging. The company has a competitive advantage in the pizza category, currently in a rapid expansion phase, maintaining a "buy" rating. In addition, on August 16, the Hang Seng Index Company announced the latest quarterly review results, with DPC DASH being included in the Hang Seng Composite SmallCap Index. The changes will be implemented after the market closes on September 6 and will take effect from September 9. Zhongjin Securities pointed out that DPC DASH may be included in the Hong Kong Stock Connect, as it meets a series of criteria including market value, liquidity, and listing time

According to the information from the Wise Finance APP, DPC DASH (01405) rose more than 7% intraday, up 5.49% as of the time of publication, at HKD 67.2, with a turnover of HKD 42.0727 million.

On the news front, DPC DASH announced that its total revenue in the first half of the year was RMB 2.04 billion, a year-on-year increase of 48.3%; the company's attributable profit for the period was RMB 10.907 million, a year-on-year growth of 24.6%. Guotai Junan Securities pointed out that in the first half of the year, the company opened 146 new stores, completing 61% of the annual plan, with an expansion speed exceeding expectations; same-store sales grew against the trend, reflecting strong product strength and brand momentum; store user experience continued to improve, group-level expense ratio declined, and scale effects gradually emerged. The company has a competitive advantage in the pizza category, currently in a rapid expansion phase, and maintains a "buy" rating.

Furthermore, on August 16th, the Hang Seng Index Company announced the latest quarterly review results, with DPC DASH being included in the Hang Seng Composite SmallCap Index. The changes will be implemented after the market closes on September 6th and will take effect from September 9th. CICC pointed out that DPC DASH may be included in the Stock Connect scheme, as it meets a series of criteria including market value, liquidity, and listing time