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Hong Kong stocks fluctuate | Dining stocks strengthen in the afternoon, xiabuxiabu (00520) surged more than 11% at one point, incremental policies are expected to help improve consumer expectations
Dining stocks rallied in the afternoon. As of the time of publication, xiabuxiabu (00520) rose by 9.38%, closing at 1.05 Hong Kong dollars; jiumaojiu (09922) rose by 7.76%, closing at 3.47 Hong Kong dollars; Helen's (09869) rose by 6.05%, closing at 2.28 Hong Kong dollars.
Helens International Holdings Company Limited (HKG:9869) CEO Bingzhong Xu, the Company's Largest Shareholder Sees 19% Reduction in Holdings Value
Cha Baidao (02555) leads the dining sector. Nayuki Tea (02150) rose by 16.55%. Institutions point out that the sector is expected to benefit from both fundamentals and sector sentiment.
Kingwus financial news | Some dining stocks are strong, as of the report, Chabaida (02555) rose by 56.88%, Naixue Tea (02150) rose by 16.55%, Helen's (09869) rose by 7.96%, Tang Palace (01181) rose by 3.92%, Jiumaojiu (09922) rose by 2.06%. On the news side, CCB International pointed out that driven by travel and consumption voucher stimuli, the dining market's performance is impressive. Meituan data shows that in the first 5 days of the National Day holiday, daily dining consumption increased by 33.4% year-on-year; among which nighttime consumption increased by 44.8% year-on-year. On the one hand, various places.
Hong Kong stock market anomaly | Dining stocks plummeted in early trading due to increased supply leading to customer flow diversion. Brand performance during National Day period relatively weak.
Dining stocks plunged in the morning session, as of the deadline, Helen's (09869) fell by 19.95%, closing at 3.13 Hong Kong dollars; xiabuxiabu (00520) fell by 18.45%, closing at 1.37 Hong Kong dollars; jiumaojiu (09922) fell by 17.15%, closing at 4.59 Hong Kong dollars.
China International Capital Corporation: Significant year-on-year growth in various consumer data during the National Day holiday, with impressive performance in categories such as household appliances, gold, and jewelry.
In 2024, the consumer data for the "Golden Week" have been successively released. Overall, with the strong support of national policies to promote consumption and stabilize the economy, various consumption data during the Golden Week have shown significant year-on-year growth, and also improved compared to the previous period.
Daiwa Securities Upgrades Helens International to Buy From Neutral; Price Target Is HK$4.40
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