HK Stock Market Move | The increase in catering stocks has further expanded, with the year-on-year increase in CPI in November also expanding. The catering industry has shown positive signs of improvement.

The catering sector's stock price has further increased. As of the time of this report, JIUMAOJIU (09922) rose by 3.75% to 1.66 Hong Kong dollars; HAIDILAO (06862) rose by 3.6% to 14.12 Hong Kong dollars; SUPER HI (09658) rose by 2.25% to 13.62 Hong Kong dollars; YUM CHINA (09987) rose by 2.02% to 364.2 Hong Kong dollars. On the news front, on December 10, the National Bureau of Statistics released data showing that in November, the consumer price index (CPI) rose by 0.7% year-on-year, with the increase expanding; the core CPI, which excludes food and energy prices, rose by 1.2% year-on-year, maintaining an increase of over 1% for three consecutive months. Tianfeng previously pointed out that the catering sector's retail sales in October increased by 3.8% year-on-year, the highest growth since June, signaling a positive improvement. China International Capital Corporation (CICC) previously published a research report stating that at the industry level, the growth rate of catering retail sales decreased in June and the following three quarters, mainly due to the impact of the overall environment for catering consumption. However, the current market competition is gradually transitioning from price wars to rationality, and the average customer spending is gradually stabilizing. In the future, companies need to focus more on improving their own operating levels.