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政策预期持续提振港股餐饮股 九毛九大涨近13%

Policy expectations continue to boost Hong Kong dining stocks, jiumaojiu soars nearly 13%.

cls.cn ·  Nov 6 22:23

① What dining benefits have been announced recently? ② How do organizations view the development of the catering industry?

Financial Services Association, November 7 (Editor: Hu Jiarong) Benefiting from policy expectations, most Hong Kong food and beverage stocks rose. As of press release, Jiumaojiu (09922.HK), Helen's (09869.HK), and Haidilao (06862.HK) were up 12.97%, 12.43%, and 6.34% respectively.

Note: The performance of catering stocks

In terms of 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.

Furthermore, the Caixin service sector PMI for October, which was announced yesterday, recorded a record of 52.0, up from 1.7 percentage points in September. It was a high of nearly three months, and surpassed market expectations by 50.5, indicating a recovery in service sector prosperity. Caixin's manufacturing PMI for October, which was previously announced, was 50.3, up 1.0 percentage point, and once again above the critical point. The boom in the two major industries led Caixin China's composite PMI to rebound 1.6 percentage points to 51.9 in the same month, a new high since July.

Chinese consumers' confidence is expected to gradually pick up, agency says

Dahua Jixian recently pointed out that Chinese consumers' confidence is expected to gradually pick up due to the direct aid and wealth effects of the expected policy. This will increase the profit forecasts of Chinese consumer goods companies this year, which in turn may trigger a re-evaluation of valuations.

Debon Securities gave a similar view, pointing out that the catering industry is currently at a low point in the cycle. It is expected to recover moderately in 2024, but revenue growth will slow down and profits are under pressure. Despite this, by issuing consumer vouchers to boost consumer confidence, the resilience of leading companies to risk will become more prominent in the face of increased competition in the industry.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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