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Singles' day sales promotion drives beauty consumer spending, related high-quality companies may receive a boost in sentiment.
Recently, the 2024 singles' day sales on major domestic e-commerce platforms have all kicked off. Compared to the past, the start time of activities on major e-commerce platforms has been further advanced than in previous years. For example, looking at the earliest start of activities on the Douyin platform, its singles' day sales event lasts for as long as 33 days. The title of the 'Longest Singles' Day in History' has once again been refreshed in 2024. In terms of marketing strategies on platforms like Tmall, Taobao, jd.com, pdd holdings, etc., compared to last year's 'lowest price' strategy, this year's singles' day sales are more focused on reducing burdens for merchants, including reducing service fees, loosening strict refund policies, fast payment return, subsidizing shipping costs, etc.
The Hong Kong stock market fluctuation does not change the overall uptrend, and it is worth paying attention to the opportunity for quality companies to catch up.
With the domestic stable economic policy stepping up, the Hong Kong stock market has experienced a significant rebound since the end of September. During the National Day holiday, the Hong Kong stock market rose continuously, with only a pullback on October 3. Despite the market experiencing another pullback since October 8, industry experts generally believe that the upward trend of the Hong Kong stock market remains unchanged, opening up room for further upward rebound. Specifically, on the monetary policy front, reserve cuts and interest rate reductions support stable economic growth, with policy releases indicating bullish signals for liquidity. In terms of real estate, cutting loan interest rates for existing housing promotes the stable and healthy development of the real estate market. Regarding the capital markets, introducing two structural monetary policy tools to support the stable development of the capital markets.
Chairman & CEO of Global New Material International Holdings Ertian Su Buys 1.8% More Shares
global new mat (06616.HK) chairman and CEO Sultien shareholding 2.464 million shares
According to the latest equity disclosure data from the Hong Kong Stock Exchange on October 7, 2024, Global New Mat (06616.HK) director and chairman cum CEO Suertian acquired a total of 2.464 million shares at an average price of HK $4.2554-4.3763 per share on October 2-3, 2024, involving approximately HK $10.65 million. After the acquisition, Suertian's latest shareholding increased from 34.04% to 34.24%, with a total of 424,246,948 shares.
A Look At The Fair Value Of Global New Material International Holdings Limited (HKG:6616)
Global New Materials International (06616.HK): Lin Guangshui appointed as an executive director.
Granol Hu September 26th Global New Materials International (06616.HK) announced that, effective September 26, 2024: (1) Lin Guangshui has been appointed as executive director; (2) Chen Fadong has been appointed as independent non-executive director.
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