HK Stock Market Move | Anjoy Foods Group (02648) rose nearly 8%, top-level design leads to domestic demand recovery, and the company's performance elasticity can be expected.

Anjoy Foods Group (02648) rose nearly 8%, and at the time of writing, it rose by 7.74% to HK$73.8, with a trading volume of HK$68.6427 million. On the news front, the State Council recently approved the "Expansion of Consumer 'Fifteen-Five' Plan", setting a clear target for the total retail sales of consumer goods to reach around 60 trillion yuan by 2030. Dongxing believes that for the food and beverage industry, this round of policies is not just a simple stimulus for consumption, but aims to promote the industry to enter a new stage of demand improvement and structural upgrade through the three main themes of increasing residents' income, optimizing consumption environment, and upgrading consumption structure. Against the backdrop of enhanced consumption promotion policies, leading enterprises with growth potential and valuation advantages are expected to see valuation recovery. Guosheng pointed out that as a leading company in the domestic frozen food industry, the company is ahead of its peers in terms of market share in the two fastest growing sub-sectors of formulated food and dish products, continuing to benefit from centralization dividends. In Q1 2026, the company took the lead in implementing price hikes through price power, which significantly boosted performance, restored profits ahead of peers, and saw a clear turning point in performance. In the medium to long term, with sufficient growth drivers such as Lock Fresh Packaging, Sausages, Slushes, Halal Foods, overseas expansion, and mergers and acquisitions, the company has a clear path for upgrading its product structure, and its performance elasticity can be expected.