Jinwu Financial News | US stocks changed in three weeks. The increase widened for a while after the market opened high. Since then, there was selling pressure on technology stocks, which dragged the market back and forth. The three major indices closed with mixed ups and downs. The trend of the US dollar was weak. Interest on US ten-year bonds rose back to 4.19%, and the price of gold and oil fell slightly. Hong Kong stock depository securities are generally stable, and it is expected that the market will not change much in the early stages. The mainland stock market fell yesterday. The Shanghai Composite Index fell repeatedly and closed down 0.4%. The turnover of the Shanghai and Shenzhen markets remained active. Hong Kong stocks hit a new high of this year yesterday. Since then, the high level has rebounded. The market closed down moderately, and overall transactions remained active. The market atmosphere is improving. It is expected that after a short period of consolidation, the index is still expected to test the 18,000 point level, and the lower support is around 16,800 points.
Industry news
Ed Weixuan (09919) performed well last year, with a turnover increase of 39.2% to 967 million yuan. Profit increased 3.57 times to 108 million yuan. The Group's net profit margin last year was approximately 12.2%, up 8.1 percentage points from 4.1% the previous year. The company paid generous dividends of HK10.58 cents per share, including a final interest of HK6.16 cents and a special interest of HK4.42 cents. The Group is a leading high-end luxury brand experience marketing service provider in Greater China, with a market share of 12.7% in 2023. The Group has formulated an active strategy to reflect the growing trend of the Chinese luxury goods market and changes in consumer demand. Deepen relationships with existing customers while attracting new ones. The Group strives to expand its influence in the Chinese market by adopting innovative marketing strategies and providing a quality service experience. As China's luxury goods market continues to grow, the Group will further consolidate its dominant position in the industry and achieve steady growth.
(The author is a licensee of the Securities Regulatory Commission. I and related parties do not hold the above shares)
Author: Guo Jiayao, Managing Director of Huiying International Asset Management