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Hong Kong stocks abnormal movement | jiumaojiu (09922) fell more than 12%, leading the decline in the dining sector. Q3 dining same-store sales still face certain growth pressure.
Dining stocks fell across the board in the morning session. As of the time of publication, jiumaojiu (09922) fell by 11.72% to 3.69 Hong Kong dollars; xiabuxiabu (00520) fell by 8.8% to 1.14 Hong Kong dollars; super hi (09658) fell by 2.12% to 13.86 Hong Kong dollars.
CICC: First initiated a 'buy' rating for Super Hi (09658), with a wide space for future store openings.
CICC expects super hi to achieve net income attributable to the parent company of 24.6183, 51.2254, and 67.653 million US dollars in 2024-2026.
Hong Kong stocks in unusual movement | Xiabuxiabu (00520) rose more than 9% leading the dining stocks, with National Day dining consumer spending picking up, many catering enterprises experiencing significant increase in customer traffic.
Dining stocks rose in early trading. As of the deadline, Xiabuxiabu (00520) rose by 9.17% to HK$1.31; Yum China (09987) rose by 5.82% to HK$367; Super Hi (09658) rose by 3.87% to HK$14.5.
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