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Xiaocaiyuan International to Join Hang Seng Composite Index
The small garden (00999.HK) has been included in the Hang Seng Composite Index component stocks.
Gelonghui reported on February 24 that Xiaocai Garden (00999.HK) announced that it has been selected by Hang Seng Indexes Company and will be included in the Hang Seng Composite Index components, effective from March 10, 2025. The Hang Seng Composite Index is a comprehensive indicator of the Hong Kong market, covering 95% of the total market capitalization of companies listed on the Main Board of Hong Kong Exchanges and Clearing Limited, and can be used as a benchmark for index funds, mutual funds, and performance evaluation. The Board of Directors believes that being included in the Hang Seng Composite Index reflects a high recognition of the company's Business performance, value, and development prospects in the Capital Markets, which will help expand the company's Shareholder base and increase its shares.
The Hong Kong Stock Connect welcomes new stocks, how did Little Garden (0999.HK) get included just two months after its listing?
On February 21, the Hang Seng Composite Index welcomed a new round of review results, with all changes officially taking effect on March 10, and the Stock Connect will also be adjusted accordingly. After this adjustment, Xiaocai Garden will be included in the Hang Seng Composite Index and 10 other indices, officially becoming a symbol for Stock Connect. Inclusion in Stock Connect represents a new starting point for Xiaocai Garden to reconstruct its value. From listing on the Hong Kong Stock Exchange to being included in Stock Connect, Xiaocai Garden took just over two months, which is enough to prove the recognition of its strength and potential by the Capital Markets. Specifically, this means that Xiaocai Garden is expected to attract more southbound capital, welcome incremental inflow from passive Funds, and be propelled by the "certification" of Stock Connect.
Hong Kong stocks movement | Dining stocks mostly rose in the morning as the State Council executive meeting discussed measures to boost consumer-related work. Focus on the sector's terminal demand recovering.
Most Dining stocks rose in the morning session. As of the time of writing, JIUMAOJIU (09922) increased by 8.33%, reporting at 3.12 Hong Kong dollars; Hailunsi (09869) rose by 5.26%, reporting at 2.2 Hong Kong dollars; Xiaocaiyuan (00999) increased by 4.21%, reporting at 10.16 Hong Kong dollars; XIABUXIABU (00520) rose by 2.15%, reporting at 0.95 Hong Kong dollars.
What is behind the recovery of Dining during the Spring Festival that led to Little Garden (0999.HK) rising over 15%?
As one of the most important traditional festivals in China, the Spring Festival has always been a key point in the consumer market. According to the monitoring from the Ministry of Commerce's Big Data, during the first four days of the Spring Festival holiday (January 28 to 31), the sales of key retail and Dining enterprises nationwide increased by 5.4% compared to the same period last year, with the monitored Dining enterprises' revenue increasing by 5.1% year-on-year.
Little Vegetable Garden (0999.HK) has become a potential symbol for the new round of Hong Kong Stock Connect, showing investment potential.
For small vegetable gardens, as a leading enterprise in convenient Chinese cuisine for the public, it possesses a strong fundamental quality. Under this Bullish catalyst, it is also expected to exert a 'multiplier effect' to significantly enhance investment value.
