After ten years of going public, becoming a penny stock! Why is Dining so difficult?

There are no winners.

Gelonghui FinanceDec 24 04:49 ET

Is Haidilao International Holding Ltd.'s (HKG:6862) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

Simply Wall StDec 23 17:18 ET

Dining stocks are generally under pressure, with Helen's (09869) down 8.65%. Goldman Sachs pointed out that the same-store sales in the Dining industry continued to be weak in November.

Jinwu Financial News | Dining stocks are generally under pressure. As of the time of writing, Helens (09869) is down 8.65%, JIUMAOJIU (09922) is down 5.85%, Nayuki's tea (02150) is down 4.76%, XIABUXIABU (00520) is down 4.13%, and HAIDILAO (06862) is down 2.27%. On the news front, Goldman Sachs' Research Reports indicate that same-store sales in the Dining industry continue to be weak in November, with variable demand. Regarding policy stimulus, the bank has observed that more cities/provinces have introduced consumer vouchers for Dining, but it believes the impact varies by brand and region, and the companies covered by the bank.

Jinwu Financial NewsDec 12 21:22 ET

The CSI Consumer 360 index sector is under pressure as MENGNIU DAIRY (02319) falls by 4.59%. Institutions indicate that there is a lag in policy transmission, and the sustainability of consumer recovery remains to be observed.

Jinwu Financial News | The CSI Consumer 360 index Sector is generally under pressure, as of the time of writing, MENGNIU DAIRY (02319) has fallen by 4.59%, CHINA RES BEER (00291) has dropped by 4.13%, NONGFU SPRING (09633) has decreased by 3.31%, and HAIDILAO (06862) has declined by 3.41%. On the news front, Guoyuan International released a Research Report indicating that the consumption market will be weak in 2024, putting pressure on the Sector's fundamentals. After a brief rebound following the government's comprehensive policy rollout at the end of September, the market has retreated. Year-to-date, the Hang Seng Select Consumer Sector has fallen by 13.39%, underperforming the Large Cap; the Hong Kong Stock Shenwan Food & Beverage Index has seen a cumulative decline of 3.7.

Jinwu Financial News.Dec 12 21:16 ET

[Brokerage Focus] Guoyuan International pointed out that there is a lag in the transmission of policies to boost Consumer confidence, and the sustainability of the Consumer recovery remains to be observed.

Jingwu Financial News | Guoyuan International Research Reports indicate that the consumer market will remain sluggish in 2024, and the fundamentals of the Sector are generally under pressure. After a brief rebound following the government's package policies announced at the end of September, the market fell back. From the beginning of the year to now, the Hang Seng Consumer Sector has fallen by 13.39%, underperforming the Large Cap; the Hong Kong Shenwan CSI SWS Food & Beverage index has seen a cumulative decline of 3.79%, ranking 27th out of 31 first-level Shenwan Industries. Looking at the sub-sectors, from the beginning of the year to now, flavoring and fermentation products, baked goods, soft drinks, snacks, and meat products have achieved positive growth, while Other sub-sectors performed poorly. The report also indicates that on December 9, the Central Politburo will meet to analyze and study.

Jinwu Finance NewsDec 12 02:09 ET

[Brokerage Focus] Goldman Sachs pointed out that in November, same-store sales in the dining industry continued to be sluggish, and the policy stimulus has not had a significant uplifting effect on the covered companies.

Jinwu Finance | Goldman Sachs Research Reports indicate that in November, same-store sales in the Dining industry continued to be weak, with fluctuating demand. Regarding policy stimulus, the bank has observed that more cities/provinces have launched dining consumer vouchers; however, it believes the impact varies by brand and region, and the companies it covers have generally not seen significant uplifting effects. In terms of competition, the competition in the fast food and coffee sectors remains intense but stabilizes in an orderly manner. The bank noted that HAIDILAO (06862/Neutral) experienced a slight year-on-year decline in average table turnover rate in November, but it believes this is understandable considering the higher baseline compared to October and the volatility of demand.

Golden News FinanceDec 11 23:21 ET