国信证券认为，2024年上半年餐饮板块公司经营表现承压，但部分具有供应链基础雄厚、品牌消费粘性强的餐饮龙头经营表现仍具备相对优势，录得良好阿尔法成长。考虑到近期促消费组合拳频发，餐饮板块有望在基本面与板块情绪两角度同时受益，兼顾经营业绩确定性以及消费环境渐进复苏的预期。Catering stocks rose strongly. As of press release, Helens (09869) rose 16.04% to HK$3.4; Jiumaojiu (09922) rose 12.98% to HK$4.09; Xiabuxiabu (00520) rose 9.17% to HK$1.19; and Haidilao (06862) rose 6.46% to HK$17.46.
The Zhitong Finance App learned that catering stocks rose strongly. As of press release, Helens (09869) rose 16.04% to HK$3.4; Jiumaojiu (09922) rose 12.98% to HK$4.09; Xiabuxiabu (00520) rose 9.17% to HK$1.19; and Haidilao (06862) rose 6.46% to HK$17.46.
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.
Guoxin Securities believes that 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 frequent consumer promotion mix, the restaurant sector is expected to benefit from both fundamentals and sector sentiment, taking into account the certainty of business performance and expectations for a gradual recovery in the consumer environment.
