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Hong Kong stocks anomaly: domestic demand stocks collectively strengthened, October Caixin services PMI significantly exceeded expectations.
November 5th, Gleme ǀ Hong Kong stock market collectively strengthened in domestic demand stocks, among them, nongfu spring rose more than 8%, Helen of Troy, yum china rose more than 7%, Naixue's Tea rose more than 4%, and Mengniu rose more than 3%. In terms of news, the Caixin services PMI for October, announced this morning, was recorded at 52.0, 1.7 percentage points higher than September, reaching a three-month high and significantly exceeding the market's expected 50.5, indicating a recovery in the service industry. The Caixin China manufacturing PMI for October, previously announced, recorded 50.3, up by 1.0 percentage point, rising back above the critical point. The upward trend in the two major industries is driving the overall Caixin China composite for the month.
Breaking News | The Ministry of Commerce introduces new consumer policies, and consumer vouchers are being distributed in many places! Hong Kong stocks dining stocks soared in the afternoon, Helen's surged more than 20%.
Peking, tianjin, shanghai, and chongqing will issue dining, cultural tourism, sports, and other service consumption vouchers, and these policy measures will generate a cumulative effect with the Consumer Month activities.
Ministry of Commerce: Will introduce new consumer policies in the consumer sector, Beijing-Tianjin-Hebei-Chongqing will issue consumer vouchers for dining, culture and tourism, sports, etc.
According to internal media reports, Vice Minister of the Ministry of Commerce, Sheng Qiuping, stated that the Ministry of Commerce will work with relevant departments to introduce a new batch of policies in the consumer sector. For example, they will soon study and implement policies to promote the development of the initial launch economy, facilitate high-quality development of the wholesale and retail trade, support the trial construction of modern commercial and trade circulation systems in 20 cities including Shanghai, Tianjin, etc., launch pilot reforms in automobile distribution and consumption, and promote special action plans for healthy consumption. Five cities will also introduce supporting policies. For instance, Shanghai and Guangzhou will introduce policies supporting and incentivizing the first store opening, debut, and exhibition; Beijing, Tianjin, Shanghai, and Chongqing will issue dining, cultural tourism, sports, and other service consumption vouchers.
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
The dining sector rallied in the afternoon, as of the deadline, Xiabuxiabu (00520) rose by 9.38%, to HK$1.05; Jiumaojiu (09922) rose by 7.76%, to HK$3.47; Helen's (09869) rose by 6.05%, to HK$2.28.
CHABADAO (02555) leads the dining sector. Naixue's Tea (02150) rose by 16.55%. Institutions point out that the sector is expected to benefit from both fundamentals and sector sentiment at the same time.
Golden Finance News | Some dining stocks have shown strength. As of the time of publication, 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%, and Jiumaojiu (09922) rose by 2.06%. In terms of news, China Yin International pointed out that due to the boost from travel and consumption vouchers, the dining market has performed well. Meituan data shows that in the first 5 days of the National Day holiday, daily consumption for dining in restaurants increased by 33.4% year-on-year; among which, nighttime consumption during the period increased by 44.8%. On the one hand, various regions...
Spotlight on Changes | Dining stocks rebounded in early trading, with impressive performance in the dining market during the National Day holiday, consumer goods companies expected to improve profitability visibility this year.
Dining stocks rebounded in the morning session. As of the time of publication, jiumaojiu rose by 7.55% to HKD 4.13; Haidilao rose by 5.65% to HKD 16.82; xiabuxiabu rose by 1.71% to HKD 1.19; yum china rose by 2.19% to HKD 364.6.
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