HK Stock Market Move | GUMING (01364) rose more than 13%, stock price hit a new high, total market value exceeded HK$30 billion

GUMING (01364) rose more than 13%, reaching a high of HK$12.88, hitting a new high since its listing, with a total market value exceeding HK$30 billion. As of the time of writing, it rose 13.63%, closing at HK$12.84, with a turnover of HK$79.8594 million. On the news front, on March 6, GUMING's new light fruit and vegetable bottle was officially launched, announcing the official release of the GUMING fruit and vegetable line. The product is mainly made with natural kale as the main ingredient, combined with fresh fruit to create "drinkable green energy," providing consumers with a light and burden-free fresh choice for spring, continuously enhancing the fresh track. Sinolink pointed out that the differentiation of tea drink brands is intensifying, the industry's marginal net clearance is accelerating, and the company's resilience is better than its peers, with an improved outlook for accelerated growth. Debang Securities believes that in the future, the company will continue to expand its store network steadily through the advantages of supply chain and product research and development, and increase market share through franchise models. The company operates mass-produced tea drink shops, focusing on the second-tier and below cities with the fastest expected growth in the industry, with the provinces in mainland China that have not yet reached a key scale by 2023 collectively accounting for 48% of the overall market for mass-produced tea drink shops, still having sufficient room for expansion.