Minhua Holdings (01999) fell more than 6%. At press time, it fell 6.12% to HK$5.37, with a turnover of HK$26.63 million.
The Zhitong Finance App learned that Minhua Holdings (01999) fell more than 6%, down 6.12% at press time, to HK$5.37, with a turnover of HK$26.63 million.
According to the news, according to the China Building Materials Distribution Association, the National Building Materials and Home Furnishing Sentiment Index was 101.51 in February, down 0.38 points month-on-month and 18.37 points year-on-year. The sales volume of building materials and home furnishing stores above the national scale in February was 86.88 billion yuan, down 18.22% from the previous year, down 23.13% from the previous year; the cumulative sales volume for January-February was 193.121 billion yuan, up 0.89% year on year.
Guotai Junan believes that the current valuation of the home furnishing sector more fully reflects pessimistic expectations for a future slowdown in downstream sales growth. The logic of increasing concentration among leading home furnishing companies is still being interpreted, and there is still plenty of room for long-term growth. The recovery in real estate sales will be an important catalyst for a recovery in sector valuations. As consumer confidence improves, the backlog of decoration demand is expected to be transformed. Leading home improvement companies actively adapt to changing trends in terminal home improvement traffic, expand omnichannel layouts and focus on developing complete decoration channels, promote multi-category integration through methods such as focusing on whole family packages and large household strategies, and at the same time build multi-brand matrices to segment customers and expand target consumer groups to help increase market share and give the industry an “increase in weight” rating for the first time.