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Debon Securities: Policies emphasize boosting Consumer and focus on the subsequent demand recovery.
The bank recommends focusing on leading companies in sectors that have strong control over upstream and downstream supply chains, channels, and products amid fundamental changes, as well as sectors where year-round profits are likely to exceed expectations due to cost advantages.
Hong Kong stocks movement | Dining stocks warmed up in the morning as overall Consumer during the Spring Festival showed stable growth. Under policy stimulus, the Industry may demonstrate resilience first.
Dining stocks are rebounding in the morning session. As of the time of writing, YIHAI INTL (01579) is up 6.06%, trading at 14 HKD; HAIDILAO (06862) is up 4.43%, trading at 16.02 HKD; JIUMAOJIU (09922) is up 3.5%, trading at 2.96 HKD; XIABUXIABU (00520) is up 1.06%, trading at 0.95 HKD.
Hong Kong stocks have shown fluctuations | Most Dining stocks are rising as the Consumer activity during the Spring Festival is high. Under policy stimulation, terminal Dining is expected to demonstrate resilience first.
Most Dining stocks rose; as of the time of writing, XIABUXIABU (00520) is up 8.43% at HK$0.9; HAIDILAO (06862) is up 6.42% at HK$14.92; JIUMAOJIU (09922) is up 6.06% at HK$2.8.
Most Dining stocks have rebounded, with HAIDILAO (06862) rising by 5.56%. Institutions indicate that the Industry is expected to welcome a demand rebound and a price turning point.
Jinwu Finance | Dining stocks mostly warmed up. As of the time of writing, HAIDILAO (06862) rose by 5.56%, JIUMAOJIU (09922) rose by 4.17%, XIABUXIABU (00520) rose by 4.82%, Helen's (09869) rose by 2.39%, and DPC DASH (01405) rose by 1.57%. In terms of news, China International Capital Corporation released a Research Report stating that hotel and tourism related to travel will face overall "stable volume and decreased prices" in 2024 under last year's high base, with dining, duty-free, and personal services continuing to face volume and price pressure since 2023. Looking ahead to 2025, with the trend of chain rate and concentration.
Dining stocks fell overall, HAIDILAO (06862) dropped by 5.93%. Morgan Stanley pointed out that the demand expectations for China's dining channels are low before the Spring Festival.
Jinwu Finance | Dining stocks fell broadly, with XIABUXIABU (00520) down 6.82%, HAIDILAO (06862) down 5.93%, JIUMAOJIU (09922) down 4.96%, Helen's (09869) down 3.92%, and YUM CHINA (09987) down 2.1%. Recently, Morgan Stanley conducted research on Dealers in northern, eastern, and southern China to understand sales trends before the Spring Festival and targets for 2025, finding significant differences in market performance across categories, with generally low demand expectations. The firm mentioned that, in terms of valuation and risk, each company faces different risks, such as cost, competition, and demand.
Hong Kong Stock Concept Tracking | The flavor of the New Year is rich! Online reservations for New Year's Eve dinners have increased more than threefold, and the demand in the Dining Industry is recovering (with related concept stocks attached).
Industry insiders point out that the surge in reservations for New Year's Eve dinners reflects the vitality of dining consumer spending during the Spring Festival, and it is expected that the dining industry will show a continued upward trend by 2025.
Lacklustre Performance Is Driving Xiabuxiabu Catering Management (China) Holdings Co., Ltd.'s (HKG:520) 26% Price Drop
