HK Stock Market Move | Catering stocks generally rise, Mid-Autumn Festival catering consumption is booming, and same-store revenue of catering enterprises may improve in the second half of the year.

Catering stocks generally rose, as of the time of writing, JIUMAOJIU (09922) rose 9.59% to 2.4 Hong Kong dollars; XIABUXIABU (00520) rose 6.49% to 0.82 Hong Kong dollars; HELENS (09869) rose 6.02% to 1.41 Hong Kong dollars; HAIDILAO (06862) rose 5.56% to 13.28 Hong Kong dollars. On the news front, the catering consumption during the Mid-Autumn Festival holiday this year showed a booming trend. It is reported that during the 3-day Mid-Autumn holiday in 2024, HAIDILAO hotpot chain nationwide received over 5 million customers. XIABUXIABU had good sales nationwide, with a year-on-year increase in customer traffic during the Mid-Autumn Festival day, especially in Jiangsu, Shenzhen, and Xinjiang, where customer traffic increased by about 200%; JIUMAOJIU group's brands Tai'er Suancai Yu and Song Huoguo Chang also performed well. Shanghai Securities previously stated that the franchise and cooperation models are expected to accelerate brand expansion and regional penetration, reducing operational risks under the self-operated model. Leading catering companies are expected to accelerate their store opening layouts and once again experience development dividends. Shenwan Hongyuan Group previously stated that Hong Kong-listed catering companies have generally passed the peak of store openings, and are gradually introducing franchise models into their business models. Same-store revenue in the first half of the year faced high comparison base, but may improve in the second half of the year.