HK Stock Market Move | FOREST CABIN(02657) surged over 12% to reach a new high in the market. The company is deeply cultivating the path of oil-based skincare products, and accelerating the expansion of product channels.

FOREST CABIN rose more than 12% during trading hours, reaching a high of 96 Hong Kong dollars, setting a new record high in stock price. As of the time of writing, it was up 7.56% at 91.75 Hong Kong dollars, with a trading volume of 46.54 million Hong Kong dollars. Public information shows that FOREST CABIN is a high-end Chinese skin care brand, focusing on the anti-wrinkle and firming skin care market. It is well-known for its long-term commitment to the flagship brand FOREST CABIN, providing high-end skin care improvement solutions based on natural, camellia flower ingredients. According to data from Zhishi Consultancy, in 2024, in terms of retail sales, FOREST CABIN ranks first among all high-end Chinese skin care brands in China, holding a market share of 1.4%. It is the only Chinese domestic brand that has entered the top 15 high-end skin care brands in China (including domestic and international brands). Guotai Junan Securities released a research report stating that the company is positioned in the high-end skin care market, leading the trend of oil-based skin care, and has entered a fast-growing period in recent years. They are optimistic about the company's high growth potential in the oil-based skin care category, as well as its continuous expansion on Douyin (Chinese version of TikTok) and offline channels. Soochow also stated that, based on FOREST CABIN being in a period of brand momentum release and channel dividends, they recommend investors to pay attention actively.