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The Hang Seng Hong Kong Stock Connect Essential Consumer Index has been renamed, and the number of constituent stocks has increased to 35, effective from June 9.
On May 23, the Hang Seng Index announced that the Hang Seng Stock Connect Essential Consumer Index will be renamed the Hang Seng Stock Connect CSI SWS Food & Beverage Index, and its calculation method will also be changed, including updated industry requirements, the number of constituent stocks fixed at 40, and the introduction of new rules for rapid quarterly inclusion in the index.
Hong Kong stocks are experiencing unusual movements | Most Dining stocks are recovering as service Consumer spending continues to heat up during the "May Day" holiday. Institutions remain Bullish on the gradually effective consumer stimulus policies.
Most dining stocks have rebounded. As of the time of writing, JIUMAOJIU (09922) is up 2.76% at 2.61 Hong Kong dollars; XIABUXIABU (00520) is up 1.33% at 0.76 Hong Kong dollars; CHABAIDAO (02555) is up 1.23% at 9.88 Hong Kong dollars; HAIDILAO (06862) is up 0.79% at 17.82 Hong Kong dollars; YUM CHINA (09987) is up 0.65% at 341 Hong Kong dollars.
Consumer stocks are performing well with Shenzhou International Group Holdings Limited Unsponsored ADR (02313) up by 4.2%. The central bank will establish a 500 billion yuan relending facility for Consumer and Retirement services.
Golden Finance News | Consumer stocks are performing well, among the Sporting Goods stocks, Shenzhou International Group Holdings Limited Unsponsored ADR (02313) rose by 4.2%, YUE YUEN IND (00551) rose by 3.53%, LI NING (02331) rose by 1.58%, ANTA SPORTS (02020) rose by 1.36%; among the Dining stocks, JIUMAOJIU (09922) rose by 3.54%, HAIDILAO (06862) rose by 1.36%, YUM CHINA (09987) rose by 0.71%. Among the Home Appliances stocks, Midea Group Co., Ltd (00300) rose by 1.21%, HAIER SMARTHOME (06690) rose by 1.31%. The Governor of the People’s Bank of China, Pan Gongsheng, in May.
The resilience of leading enterprises is evident, when will the Dining Sector see a valuation turning point?
With the trend of stable Consumer spending and expanding domestic demand, the valuation attractiveness of the Dining Sector is rising after experiencing adjustments over the past few years.
Jiumaojiu International Holdings' (HKG:9922) Conservative Accounting Might Explain Soft Earnings
JIUMAOJIU: Annual Report 2024
