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Hong Kong Stock Afternoon Review | Hang Seng Index fell 1.06% in the early session, Dining stocks continue their strong performance from yesterday.
Policy measures are expected to promote terminal Consumer spending, and the subsidies for Dining consumption are likely to increase.
Hong Kong stocks are experiencing fluctuations | Dining stocks are performing strongly. Naixue's Tea (02150) surged over 30% at the close, while Helen's (09869) rose over 9%.
Dining stocks are performing strongly. As of the time of writing, Naixue's Tea (02150) has risen by 30.08%, priced at 1.73 HKD; Helen's (09869) has risen by 9.13%, priced at 2.27 HKD; XIABUXIABU (00520) has risen by 6.9%, priced at 0.93 HKD.
The results of the quarterly review of the Hang Seng Index have been announced! The constituents of the Hang Seng Index remain unchanged, and 41 stocks including Helen's are excluded.
The Hang Seng TECH Index added Tencent Music and Horizon Siasun Robot&Automation, while removing EAST BUY and ZA ONLINE.
Hong Kong stocks movement | Dining stocks mostly rose in the morning as the State Council executive meeting discussed measures to boost consumer-related work. Focus on the sector's terminal demand recovering.
Most Dining stocks rose in the morning session. As of the time of writing, JIUMAOJIU (09922) increased by 8.33%, reporting at 3.12 Hong Kong dollars; Hailunsi (09869) rose by 5.26%, reporting at 2.2 Hong Kong dollars; Xiaocaiyuan (00999) increased by 4.21%, reporting at 10.16 Hong Kong dollars; XIABUXIABU (00520) rose by 2.15%, reporting at 0.95 Hong Kong dollars.
Debon Securities: Policies emphasize boosting Consumer and focus on the subsequent demand recovery.
The bank recommends focusing on leading companies in sectors that have strong control over upstream and downstream supply chains, channels, and products amid fundamental changes, as well as sectors where year-round profits are likely to exceed expectations due to cost advantages.
Most Dining stocks have rebounded, with HAIDILAO (06862) rising by 5.56%. Institutions indicate that the Industry is expected to welcome a demand rebound and a price turning point.
Jinwu Finance | Dining stocks mostly warmed up. As of the time of writing, HAIDILAO (06862) rose by 5.56%, JIUMAOJIU (09922) rose by 4.17%, XIABUXIABU (00520) rose by 4.82%, Helen's (09869) rose by 2.39%, and DPC DASH (01405) rose by 1.57%. In terms of news, China International Capital Corporation released a Research Report stating that hotel and tourism related to travel will face overall "stable volume and decreased prices" in 2024 under last year's high base, with dining, duty-free, and personal services continuing to face volume and price pressure since 2023. Looking ahead to 2025, with the trend of chain rate and concentration.
