Changes in Hong Kong stocks | The pot industry (02517) rose more than 10% in early trading and plans to spend 490 million dollars to build a food production base in Hainan. Agencies say the company's same store has recovered

The Zhitong Finance App learned that the pot circle (02517) rose more than 10% in early trading. As of press release, it had risen 8.41% to HK$3.25, with a turnover of HK$82.4763 million.

According to the news, the pot circle announced that it plans to invest in the construction of a food production base in Danzhou City, Hainan Province. The estimated investment amount is about 490 million yuan. The exact amount will be adjusted according to the situation. This investment will help promote the strategic layout of the company's industrial ecology and geographically cover a wider range of regions, thereby bringing more convenience to the company's business development.

The League of Nations Minsheng Securities pointed out that with policy background+ the industry embraces a low base, it has tracked the trend of improving consumption data at the meso and micro levels. Among them, the same stores, which were under pressure in the early stages of operation, represented by cooking circles, are now improving. The bank pointed out that the stock price of the pot industry recently picked up and rebounded. From the end of March to June 17, the company's stock price increased by 56.2%. The bank believes that the rise in the company's stock price since the end of March is due to the recovery of the company's same stores, a return to expanding the store range, and jointly driving the upward trend in the company's stock price.