Jinwu Financial News | Catering stocks were partially strengthened. As of press release, Chabaidao (02555) rose 56.88%, Nai Xue's tea (02150) rose 16.55%, Helens (09869) rose 7.96%, Tang Palace China (01181) rose 3.92%, and Jiumaojiu (09922) rose 2.06%
According to the news, Bank of China International pointed out that the restaurant market has performed well, driven by travel and consumer vouchers. According to Meituan data, in the five days before the National Day holiday, the average daily consumption of dine-in restaurants increased by 33.4% year on year; of these, nighttime consumption increased by 44.8% year on year. On the one hand, various regions have introduced a number of food-related consumer promotion measures; on the other hand, restaurant companies have also enhanced the consumer experience by innovating consumption scenarios and extending business hours, etc., and the sales volume and turnover rate of many listed catering companies have increased.
According to Guoxin Securities, the operating performance of catering sector companies in the first half of 2024 was under pressure, but some leading catering companies with strong supply chain bases and strong brand consumer stickiness still had a comparative advantage and recorded good alpha growth. Considering the recent spate of consumer promotion packages, the restaurant sector is expected to benefit from both fundamentals and sector sentiment. The bank believes that if follow-up policies continue to gain strength and a substantial improvement in the fundamentals of the restaurant business is observed, the bank also suggests focusing on the rebound opportunities of individual stocks such as Nai Xue's tea that have surpassed the decline.
