Jinwu Financial News | Zhenjiu Li Du (06979) declined under pressure, ending the previous 7 consecutive days. As of press release, it was reported at HK$11.02, down 3.67%, with a turnover of HK$73.752 million.
According to documents disclosed by the Hong Kong Stock Exchange on May 6, Executive Director and Company Secretary Wu Guangshu sold 9 million shares of Zhenjiu Li Du's common shares worth approximately HK$95.22 million off the market at an average price of HK$10.58 per share on April 30. After the sale, Wu Guangshu's latest shareholding was 68.958 million shares, and the good position ratio dropped from 2.06% to 1.80%.
Huaxin Securities believes that the focus of growth in the liquor sector in 2024 is still on the recovery of consumer confidence and economic recovery. Sentiment is expected to recover slightly due to peak season sales such as Dragon Boat Festival, Mid-Autumn Festival, and National Day. At the same time, attention should be paid to observing the pace of valuation switching, and long-term focus on the recovery of consumption power and the recovery of the business scenario.