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The Dining, Alcoholic Beverages, and Sporting Goods sectors have all shown strong performance. The report from the China Consumer Association shows that over 60% of consumers believe the consumption environment is getting better.
Jinwu Financial News | The Consumer Sectors, including Dining, Alcoholic Beverages, and Sporting Goods, are showing strong performance. In the Dining Sector, JIUMAOJIU (09922) rose by 6.01%, XIABUXIABU (00520) increased by 4.65%, SHANGHAI XNG (03666) grew by 4.17%, HAIDILAO (06862) rose by 2.95%, and HAILUNSI (09869) increased by 2.42%. In the Alcoholic Beverages Sector, BUD APAC (01876) rose by 6.37%, CHINA RES BEER (00291) increased by 5.07%, TSINGTAO BREW (00168) grew by 4.99%, and DYNASTY WINES (00828) rose by 3.
The sportswear Sector faced slight pressure with 361 DEGREES (01361) dropping by 3.49%. Morgan Stanley expects that industry discounts will begin to improve starting in the second quarter.
Jingwu Financial News | The sportswear Sector is slightly under pressure, with 361 DEGREES (01361) down 3.49%, TOPSPORTS (06110) down 2.34%, CHINA DONGXIANG (03818) down 2.30%, ANTA SPORTS (02020) down 2.14%, YUE YUEN IND (00551) down 1.76%, HONMAGOLF (06858) down 1.49%, LI NING (02331) down 1.24%, and XTEP INT'L (01368) down 1.09%. Morgan Stanley published a research report indicating that the demand for sportswear in China has shown mild improvement since the beginning of the year, and industry discounts are expected to decline from the second...
China Dongxiang (Group) Co., Ltd.'s (HKG:3818) 28% Share Price Surge Not Quite Adding Up
The shares of sporting goods companies rose broadly, with LI NING (02331) increasing by 4.29%. Institutions are bullish on the expansion and development of the domestic sportswear market.
Jingwu Financial News | Sporting Goods stocks rose broadly, with LI NING (02331) up 4.29%, ANTA SPORTS (02020) up 3.87%, XTEP INT'L (01368) up 2.23%, YUE YUEN IND (00551) up 2.13%, and CHINA DONGXIANG (03818) up 1.32%. In terms of news, Huaxin Securities stated that policies promote the construction of high-quality outdoor sports destinations, which is expected to create new growth in demand for sports apparel and equipment. The National Development and Reform Commission and the General Administration of Sport released the "Guiding Opinions on Building High-Quality Outdoor Sports Destinations," which clearly states that by 2030, nationwide construction...
China Dongxiang Records Middle Single Digit Drop Retail Performance in Fiscal Q3
China Dongxiang Faces Declining Sales and Store Count in FY2024/25
