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Dining stocks surged in the short term. Helen Group (09869) rose by 20.52%. The Ministry of Commerce stated that new policies in the consumer sector will be introduced.
Jingu Wealth News | Short-term surge in dining stocks, as of press time, Helen's Company (09869) rose by 20.52%, Xiabuxiabu (00520) rose by 6%, Best Food Hldg (01488) rose by 5.26%, Tang Palace China (01181) rose by 4%, Jiumaojiu (09922) rose by 3.27%. On the news front, Sheng Qiuping, Deputy Minister of Commerce, said that the Ministry of Commerce will work with relevant departments to introduce a batch of new policies in the consumer sector. For example, it will soon study and introduce policies to promote the first launch economy, promote the high-quality development of the wholesale and retail trade, and support the pilot of modern commercial circulation systems in 20 cities including shanghai and tianjin.
Hong Kong stocks fluctuate | Dining stocks strengthen in the afternoon, xiabuxiabu (00520) surged more than 11% at one point, incremental policies are expected to help improve consumer expectations
Dining stocks rallied in the afternoon. As of the time of publication, xiabuxiabu (00520) rose by 9.38%, closing at 1.05 Hong Kong dollars; jiumaojiu (09922) rose by 7.76%, closing at 3.47 Hong Kong dollars; Helen's (09869) rose by 6.05%, closing at 2.28 Hong Kong dollars.
Xiabuxiabu Catering Announces Leadership Transition
Xiabuxiabu (00520.HK): Tan Shuhua appointed as secretary and authorized representative.
Ge Long Hui October 16th | Xiabu Xiabu (00520.HK) announced that Su Lishan has resigned as company secretary and authorized representative. Tan Shuhua has been appointed as company secretary and authorized representative, effective October 16, 2024.
Hong Kong stocks abnormal movement | jiumaojiu (09922) fell more than 12%, leading the decline in the dining sector. Q3 dining same-store sales still face certain growth pressure.
Dining stocks fell across the board in the morning session. As of the time of publication, jiumaojiu (09922) fell by 11.72% to 3.69 Hong Kong dollars; xiabuxiabu (00520) fell by 8.8% to 1.14 Hong Kong dollars; super hi (09658) fell by 2.12% to 13.86 Hong Kong dollars.
Hong Kong stocks in unusual movement | Xiabuxiabu (00520) rose more than 9% leading the dining stocks, with National Day dining consumer spending picking up, many catering enterprises experiencing significant increase in customer traffic.
Dining stocks rose in early trading. As of the deadline, Xiabuxiabu (00520) rose by 9.17% to HK$1.31; Yum China (09987) rose by 5.82% to HK$367; Super Hi (09658) rose by 3.87% to HK$14.5.
Lacklustre Performance Is Driving Xiabuxiabu Catering Management (China) Holdings Co., Ltd.'s (HKG:520) 26% Price Drop
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