HK Stock Market Move | MAO GEPING (01318) rose more than 7% and broke its peak. The company is a leading domestic high-end cosmetics brand and is currently in a period of rising brand momentum.

MAO GEPING (01318) rose more than 7%, reaching a high of 62.5 Hong Kong dollars, hitting a new high since its listing, nearly doubling from the IPO price of 29.8 Hong Kong dollars. As of the time of writing, it has risen by 7.05% to 62.25 Hong Kong dollars, with a trading volume of 67.1803 million Hong Kong dollars. On the news front, Minsheng Securities pointed out that the company is a leading domestic high-end cosmetics brand, possessing scarce IP assets of founder professional makeup artists. With a strong offline layout and steady online expansion, the company is optimistic about its growth prospects in the future amidst stable growth in the skincare industry and accelerated development in the cosmetics industry. CMSC stated that as a scarce high-end makeup artist brand in China, MAO GEPING is currently in a period of rising brand momentum, with product driving explosive growth and a second-tier matrix layout. The number of stores is expected to steadily increase, and with the expansion of the product matrix and increased repeat purchases, there is still room for growth in same-store revenue.