HK Stock Market Move | Anjoy Foods Group (02648) has increased by more than 5% recently, and the company has adjusted its promotional policies for some products to a moderate extent.
Aoyu Food (02648) rose by over 6% in midday trading, by the time of drafting, it rose by 5.12% to HK$76 with a turnover of HK$58.053 million.
Anjoy Foods Group (02648) rose more than 6% during trading hours, and as of the time of writing, it had risen by 5.12% to 76 Hong Kong dollars, with a transaction volume of 58.053 million Hong Kong dollars.
On the news front, on January 8th, Anjoy Foods Group responded to investor inquiries on the investor interaction platform, stating that the company will price and adjust flexibly based on market demand, changes in raw material costs, and industry competition. Recently, the company has moderately adjusted the promotional policies for some products.
Guotai Haitong released a research report stating that the catering and other service industries are sensitive to the CPI recovery and are expected to benefit first, while the competition in the catering supply industry may gradually improve. The firm believes that the signal significance of the leading companies adjusting their promotions is positive for the industry structure improvement, and they recommend paying attention to the sector's recovery opportunities as expectations for supply and demand improvement increase.
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