HK Stock Market Move | CHICMAX (02145) rose more than 6%, Han Shu sits steadily at the top of the Douyin beauty list, institutions predict its multiple brand rapid growth.

CHICMAX (02145) rose more than 6%, as of the time of drafting, it has risen to 6.32%, reaching 87.5 Hong Kong dollars, with a transaction value of 48.11 million Hong Kong dollars. On the news front, according to data compiled by Qingyan Intelligence, Han Shu has been steadily ranking first on the Douyin beauty brand list for 11 consecutive months this year. Sinolink pointed out that the company is a leading enterprise in the beauty and skin care industry in China, with a multi-brand matrix in skin care, baby care, and hair care tracks. The bank is bullish on the company's creation of a multi-brand group based on mature brand operation methodology, and calculates the company's long-term growth space in the skin care, baby care, and hair care sectors. It is estimated that Han Shu is expected to exceed 10 billion in three years, with rapid growth of multiple brands.