5 January 2026 | 10:44PM HKT Equity Research Haidilao International Holding (6862.HK): APAC Consumer & Leisure Corp Day — Key Takeaways: Better table turn and margin control in Bottom line: We hosted Haidilao in-person meeting at our APAC Consumer & Leisure Corp Day on Jan 5, 2026. Investors are mainly focused on: 1) Recent updates: Table turn was flat yoy in Dec and 2H25. Conversion of direct-operated stores to franchise stores, stores net closure and smaller party size per table implied slight dip in Haid ...