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Hong Kong stock concept tracking | Mid-Autumn Festival and National Day drive demand Baijiu sector report risks gradually released (with concept stocks)
Alcohol companies attach importance to strengthening shareholder returns by increasing the dividend payout ratio. The dividend yield of some companies has reached 4% or even higher.
Zhenjiu Li Du (6979.HK) released a solid semi-annual report: combining characteristics of both "growth stock" and "value stock".
Recently, with the release of the mid-term performance of the 22 A+H listed liquor companies in 2024, the baijiu industry has ushered in an annual feast. According to data, the 22 liquor companies achieved a revenue of 246.396 billion yuan in the first half of the year, a year-on-year increase of 13.21%, and a net income of 96.279 billion yuan, a year-on-year increase of 13.82%. Overall, although the revenue and net income of the 22 liquor companies grew year-on-year, the industry differentiation has further intensified from an individual perspective. The leading liquor companies and renowned brands have demonstrated strong adaptability in response to industry adjustments, while the liquor companies lacking brand power have gradually fallen behind. Among them, Zhenjiu Lidu (6979.
Soochow Securities: pressure on the baijiu sector structure, slowing down sales, and gradual release of financial risks.
During the Dragon Boat Festival holiday, tourism and baijiu consumption were sluggish. The reasons for this are twofold: firstly, poor expectations of residents' income, and secondly, a negative wealth effect caused by the decline in asset prices such as real estate.
Zhenjiu Li Du (6979.HK) rose 6%, ranking among the top in the baijiu sector.
On August 30th, the stock prices of Chinese baijiu listed companies all soared. Among them, Zhenjiu Lidu (6979.HK) ranked at the forefront of the baijiu sector with a 6% increase. Industry insiders pointed out that although the baijiu industry is undergoing a period of adjustment, most of the listed baijiu companies have shown strong operational resilience, and their medium to long-term growth potential remains solid. The collective rise of the baijiu sector reflects the capital markets' full recognition of the stable fundamentals and growth potential of the baijiu industry. As the first baijiu stock on the Hong Kong stock market and the second baijiu stock in China, Zhenjiu Lidu has demonstrated its high growth and high certainty advantages with an impressive half-year performance in 2024.
The 2024 Sullivan New Investment Conference was held. Zhenui Li Du, Alibaba Cloud, SenseTime Technology, etc. won awards.
On August 28, the 18th Sullivan China Growth, Innovation, and Leadership Summit and the 3rd New Investment Conference hosted by the globally renowned consulting firm Frost & Sullivan opened in Shanghai. The event attracted over 200 heavyweight guests and more than 3000 professionals to jointly explore the new growth points, new markets, and new tracks of the Chinese economy in the new era. At the opening ceremony, during the 'Sullivan Growth, Innovation, and Leadership Best Practice Awards' ceremony held on the same day, Zhenjiu Li Du, with its strong market performance and growth potential, stood out alongside Alibaba Cloud, Amazon Web Services, SenseTime, and Beijing Kingsoft Office Software, Inc.
HK stocks fluctuate | Zhenjiu Litu (06979) rebounds more than 3%, with a high growth in the first half of the year and preparations for the double festival gradually starting.
Chenzhou Li Du (06979) rebounded by over 3%, as of the deadline, up 3.18%, trading at 6.82 Hong Kong dollars, with a turnover of 26.0223 million Hong Kong dollars.
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