Changes in Hong Kong stocks | Food and beverage stocks rose higher in early trading and redistribution of vouchers in many places to stimulate consumer institutions say there is room for further recovery in food and beverage consumption

The Zhitong Finance App learned that catering stocks were higher in early trading. As of press release, Nai Xue's Tea (02150) rose 5.04% to HK$1.46; Dashi (01405) rose 4.32% to HK$76.15; Jiumaojiu (09922) rose 2.91% to HK$3.18; Yum China (09987) rose 2.88% to HK$371.2; Haidilao (06862) rose 2.31% to HK$15.04.

According to the news, recently, with the arrival of the peak consumption season at the end of the year, various parts of the country have launched a new round of consumer voucher issuance activities to further stimulate market vitality and boost consumer confidence. Tianfeng Securities pointed out that the driving effect of food and beverage vouchers is direct and obvious, which is conducive to stimulating the recovery of the catering industry. In the context of increased competition in the industry, leading companies are more resilient in their operations, and they are optimistic about leading catering companies with alpha, improved same-store trends, and sufficient cash flow.

Dongxing Securities pointed out that the year-on-year growth rate of total retail sales of social consumer goods in October hit a new high since the second half of this year, and has maintained an accelerated growth trend for two consecutive months. Among them, the total revenue of the catering industry in October was 495.2 billion yuan, up 3.2% year on year, 0.1 percentage points faster than the previous month. Although the monthly growth rate is slower than at the beginning of the year, overall food and beverage consumption is still growing steadily. It is expected that, stimulated by consumer vouchers in various regions, there will be room for further recovery in food and beverage consumption.