HK Stock Market Move | Food and beverage stocks are strong, NAYUKI (02150) surged over 30% in the closing period, HELENS (09869) rose over 9%.

The catering stocks are performing strongly, as of the time of writing, NAYUKI (02150) rose by 30.08% to HK$1.73; HELENS (09869) rose by 9.13% to HK$2.27; XIABUXIABU (00520) rose by 6.9% to HK$0.93; JIUMAOJIU (09922) rose by 5.28% to HK$2.99; HAIDILAO (06862) rose by 4.14% to HK$16.1. Debang Securities stated that the overall performance of the catering supply chain sector will be under pressure in 2024, and there is an expectation for a recovery in terminal demand. Due to the continuous weakening of terminal demand, the overall lack of growth momentum in catering supply chain companies, with most companies currently having historically low valuations and sufficient safety margins. It is expected that with the promotion of terminal consumption by policies in the future, company performance will bottom out and rebound, and it is recommended to focus on leading companies with stronger performance resilience and flexible targets that are expected to have demand recovery in the future. Tianfeng pointed out that under fierce competition, downstream chain catering enterprises have more obvious advantages, and the demand for cost reduction and efficiency enhancement is still strong. In the medium to long term, there is ample room for improvement in the penetration rate and concentration of the catering supply chain industry, and leading companies are expected to fully enjoy the dividends. In addition, tea drink stocks performed strongly today, with NAYUKI soaring over 30%, CHABAIDAO highest rising over 9%, and GUMING rising over 8%. On the morning of February 26, the public sale of MEXUE ICE CITY came to an end, with a financing subscription ratio of 5125 times, and the subscription amount reaching 1.77 trillion Hong Kong dollars, far exceeding the record of 1.26 trillion Hong Kong dollars set by Kuaishou in 2021, becoming the new "frozen capital king" of Hong Kong stocks. Guotai Junan pointed out that the price war in the ready-to-drink beverage market is slowing down, optimizing the competitive landscape. The bank pointed out that MEXUE ICE CITY is a leader in the economy ready-to-drink beverage market, with high barriers to scale, supply chain, and brand strength, and has outstanding first-mover advantages that are difficult for later entrants to surpass. GUMING has strong R&D and new product development capabilities, and there is still plenty of room for expansion in domestic store openings.