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Insider Spends CN¥12m Buying More Shares In Shanghai Chicmax Cosmetic
Shanghai Chicmax Cosmetic Co., Ltd. (HKG:2145) shareholders (or potential shareholders) will be happy to see that the Independent Non-Executive Director, Yan Luo, recently bought a whopping HK$12m
Tracking Hong Kong stocks | Rise of domestic cosmetics in the market, institutions are bullish on top companies' penetration rate improvement (attached concept stocks).
Cosmetics lead the domestic industry growth, with market share continuing to rise.
Director Luo Yan of Shangmei Group (02145.HK) has increased her shareholding by 0.0558 million shares.
According to the latest equity disclosure information from the Stock Exchange of Hong Kong, on July 5, 2024, Shangmei (02145.HK) received director Luo Yan's shareholding of 0.0558 million shares at an average price of HK$39.35 per share on the exchange, involving approximately HK$2.1957 million. After the shareholding, Luo Yan's latest number of shares held is 0.6479 million shares, and the shareholding ratio has increased from 0.29% to 0.31%.
Swhy: The penetration rate continues to increase coupled with the rise of domestic products, bullish on the cosmetic and medical beauty sector.
The medical beauty industry will continue to benefit from a rich supply of products and maintain healthy development through industry standardization.
Director of Executive, Luo Yan, has added 0.26 million shares to his shareholding in Shangmei Corporation (02145.HK).
According to the latest equity disclosure information of the Stock Exchange of Hong Kong, on July 4, 2024, Shangmei Company (02145.HK) obtained 0.26 million shares of executively director Luo Yan at an average price of HKD 40.475 per share, involving approximately HKD 10.5235 million. After the shareholding, Luo Yan's latest holdings increased from 0.16% to 0.29%, with a total of 0.5921 million shares.
Minsheng Securities: New round of consumer tax reform may bring new opportunities to the retail industry.
The first expansion of the collection scope mainly targets some high-end consumer goods. Experts from China University of Political Science and Law said that high-end watches, expensive jewelry, and precious stones and jade with mature regulatory conditions may be the first pilot projects.
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