大华继显此前指出，憧憬政策直接支持和潜在的财富效应显现，中国消费者信心可逐步恢复，令中国消费品企业今年盈利能见度提升，从而带来潜在的估值重估。德邦证券指出，当前处于周期底部，24年餐饮行业弱复苏，收入增幅降低/利润承压；消费券刺激信心修复，行业加剧竞争下龙头韧性更显，看好翻台率/同店边际改善、现金流充沛的餐饮龙头。Catering stocks had the highest gains. As of press release, Yum Sheng China (09987) rose 7.15% to HK$386.4; Nai Xue's tea (02150) rose 3.36% to HK$1.54; DPC DASH (01405) rose 2.51% to HK$65.25; and Jiumaojiu (09922) rose 2.31% to HK$3.55.
The Zhitong Finance App learned that catering stocks had the highest gains. As of press release, Yum China (09987) rose 7.15% to HK$386.4; Nai Xue's tea (02150) rose 3.36% to HK$1.54; Dashi (01405) rose 2.51% to HK$65.25; and Jiumaojiu (09922) rose 2.31% to HK$3.55.
According to the news, Vice Minister of Commerce Sheng Qiuping recently stated that the Ministry of Commerce will work with relevant departments to introduce a number of new consumer policies. Five cities will also introduce supporting policies. For example, Shanghai and Guangzhou will launch support and incentive policies for the first store launch and debut exhibition; Beijing, Tianjin, Shanghai, and Chongqing will issue vouchers for services such as catering, cultural tourism, and sports.
Dahua Jixian pointed out earlier that it is expected that the direct support of the policy and potential wealth effects will be revealed, and Chinese consumer confidence can gradually recover, increasing the profit visibility of Chinese consumer goods companies this year, thus leading to potential revaluation of valuations. Debon Securities pointed out that it is currently at the bottom of the cycle. The catering industry has recovered weakly in 24, and revenue growth has declined and profits are under pressure; consumer vouchers have stimulated confidence recovery, and the industry is more resilient as competition intensifies. It is optimistic about restaurant leaders with turnover rates/marginal improvements at the same store and abundant cash flow.
