Dasi Holdings rose over 10% as Buffett took a stake in Domino's Pizza, with its China stores surpassing 1,000
1min read Das Holdings (01405) rose more than 10% in the morning, up 9.52% to HK$79.95 at the time of writing, with a turnover of HK$20.67 million.
On the news front, Berkshire Hathaway, the company owned by Warren Buffett, reported in its 13F filing that it had bought 3.7% of Domino's Pizza Inc. in the third quarter. It is noteworthy that according to the latest official disclosure, the total number of Domino's Pizza stores in China has exceeded 1,000. Domino's Pizza China CEO Wang Yi previously said that at least 5,000 stores will be opened in the Chinese market.
According to the research report of Guojin Securities, the brand momentum of Das Holdings is strong, and the same-store sales and store opening are leading. The fundamentals are good. In 1H24, the Company's revenue was Rmb2.04bn (+48%), and the adjusted net profit was Rmb50.89mn, and the adjusted EBITDA was Rmb230mn (+84%). In the situation where the catering industry is under pressure, the Company's same-store sales in 1H24 increased by 3.6% year-on-year and grew against the trend.
