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The warning from the U.S. health director caused a drop in Asian alcoholic beverage stocks.
①After the Director of the Health Bureau in the USA called for cancer warning labels on Alcoholic Beverages last Friday, the Stocks of Asian liquor manufacturers fell on Monday. ② Edward Mundy, an Analyst at Jefferies Financial, wrote that the market is adopting a "shoot first and ask questions later" strategy to deal with potential health warnings and cancer risk labels on Alcoholic Beverages in the USA.
Honk Kong Market Overview | All three major indices fell, with the Technology Index down over 1%; domestic property stocks and China-Affiliated Brokerage stocks declined, with SenseTime leading the decline in Network Technology stocks, down over 13%; Mao
Network technology stocks generally fell, SenseTime-W dropped 13.51%, Kuaishou-W fell 2.68%; most apple supplier stocks declined, Cowell fell 5.59%, BYD Electronics dropped 3.73%; most biotechnology stocks decreased, Jingtai Holdings-P fell 7.68%, beigene dropped 5.68%;
WINE'S LINK: Interim Report 2024
WINE'S LINK: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
wine's link (08509.HK) profit alert: expected mid-term profit not less than about 11 million Hong Kong dollars
Gelonghui, November 13th | Wine's Link Holdings (08509.HK) announced that, based on the preliminary review of the unaudited financial information of the Group for the six months ended September 30, 2024, it is expected that the Group will record a profit of not less than about 11 million Hong Kong dollars for the period, compared to a profit of about 3.7 million Hong Kong dollars in the same period last year. The board of directors believes that the increase in profit for the period is mainly due to (i) the increase in the Group's income; (ii) the continued implementation of cost reduction and efficiency improvement measures during the period, resulting in a decrease in the Group's administrative expenses; and (iii) the comprehensive impact of the increase in the Group's income tax expenses offsetting.
Stock market updates: Hong Kong's dining and alcoholic beverages sector are strong, with Helen's up 16% and zjld up 8%. The Ministry of Commerce will introduce new policies in the consumer sector.
The Hong Kong dining sector showed strong performance in the morning session, with Helen's up by 16.38%, Jiumaojiu up by 14.36%, and Xiabuxiabu up by 9%. The alcoholic beverages sector also strengthened, with ZJLD up by 8%, China Res Beer up by 6%, and Tsingtao Brew up by 4%.
