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Hong Kong stock morning report | E-commerce platforms have completely canceled "refund only" policy. Wei Long Mei Wei plans to invest 1 billion yuan to build a new factory.
① E-commerce platforms fully cancel "refund only" policy. ② The IMF lowers the 2025 global economic growth forecast from 3.3% at the beginning of the year to 2.8%. ③ The Ministry of Industry and Information Technology solicits public opinions on the "Guide to the Construction of Comprehensive Standardization System for Cloud Computing (2025 Version)." ④ The Ministry of Industry and Information Technology: More than 100 national and industry standards will be developed and revised to establish a standard system for Intelligent Manufacturing that adapts to the development of new industrialization by 2026.
Express News | Weilong Delicious Global - Proposed Investment to Establish New Snack Food Production Base in Nanning
【Brokerage Focus】Soochow Securities has given WeLong Delicious (09985) an initial "Buy" rating, indicating that the wave of Chinese snacks is timely and that the third curve, such as kelp, is to be expected.
Jinwu Finance | Soochow released the research report, stating that Weilong Delicious (09985) started as a spicy strip snack brand and is currently the leading brand in the spicy strip Industry (with a market share of 28% in 2023, followed by 8% and 5%). The company focuses on youthful brand marketing and has established the mindset among Consumers that "spicy strips = Weilong." In terms of channels, it has completed the transition from traditional distribution channels to modern channels (in 2015), and since 2020, it has implemented a strategy of channel penetration and deep distribution, effectively streamlining channel strategies and organizational structures. Currently, Dealers and sales personnel are relatively stable, and there is a high degree of binding with high-quality Dealers.
CITIC SEC: Bullish on the rare growth sustainability of konjac in the food and beverage Sector, actively paying attention to related beneficiary symbols.
CITIC SEC estimates that the konjac end Industry has a scale of 26.9 billion yuan.
[Brokerage Focus] Tianfeng: Continue to pay attention to the domestic demand Consumer market, with a focus on recommending the Dairy Product and snack Sector.
Jingwu Financial News | Tianfeng issued Research Reports indicating to continue focusing on domestic consumer trends and remain bullish on potential cyclical investment opportunities among three major investment entities. In terms of Dairy Products, it is believed that the ongoing implementation of policies such as fertility and milk powder subsidies, the rising prices of upstream beef, and the potential inflection point logic in raw milk could continuously stimulate the elastic performance of Dairy Products (upstream pastures + downstream dairy companies). Regarding snacks, the base for Q2 2024 is relatively low (growth rate slows compared to Q1 2024). With traditional supermarket channels accelerating adjustments and new channels showing many highlights (including rapid promotion of cooperation with bulk snacks, online content e-commerce, and going overseas), snack companies are expected to continue...
Hong Kong stocks fluctuate | CSI SWS Food & Beverage index rises as market risk appetite declines and domestic demand expectations boost, Institutions indicate the configuration value of food and beverage is prominent.
The CSI SWS Food & Beverage stocks are rising. As of the time of writing, ZHOU HEI YA (01458) is up 7.39%, priced at 2.47 HKD; China Resources Beverages (02460) is up 5.09%, priced at 14.86 HKD; and Weilang Delicacies (09985) is up 5.05%, priced at 17.06 HKD.
