申万宏源(06806.HK)就海底捞(06862.HK)发布研报称,1H26收入同比增长8%,外卖业务增速最快,品类拓宽及站点加密驱动增长。“红石榴计划”转向聚焦复制,大排档火锅和寿司进入规模化复制阶段。派息超预期,派息比例达100%。申万宏源维持海底捞买入评级,目标价17.3港元。
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