The decline in restaurant stocks increased in the afternoon. As of press release, Jiumaojiu (09922) fell 3.88% to HK$7.92; Xiabuxiabu (00520) fell 2.62% to HK$2.97; Yum China (09987) fell 2.03% to HK$338; and Nai Xue's Tea (02150) fell 1.97% to HK$3.49.
The Zhitong Finance app learned that the decline in restaurant stocks increased in the afternoon. As of press release, Jiumaojiu (09922) fell 3.88% to HK$7.92; Xiabuxiabu (00520) fell 2.62% to HK$2.97; Yum China (09987) fell 2.03% to HK$338; and Nai Xue's Tea (02150) fell 1.97% to HK$3.49.
China Merchants Securities said that overall, Q4 is still a low season for traditional chain restaurants. Chain restaurants recovered by around 80% in October, down from September's forecast, and the overall recovery was relatively flat. The same Thai pickled vegetable and fish store recovered to about 70-80% in the same period in '19, and Nai Xue's tea recovered to 80% of the same period last year. Among them, customer orders and orders were 90% in the same period last year. Haidilao's operations continued to be steady. Affected by economic activity and macro factors, the current recovery of prosperity in the Hong Kong stock market is relatively moderate. It is recommended that follow-up attention be paid to the restoration of various stores and the 24-year opening plan.