Hong Kong Stock Market Review: A stock explosion!

A review of the Hong Kong stock market shows that Nongfu Spring is facing market pressure. Despite relying on growth in tea beverages in the first half of the year, intensified competition and public opinion have impacted the company's image, and the moat is not as strong as expected. On the other hand, Haidilao's core operating profit increased by 13%, benefiting from an increase in table turnover. In contrast, Meituan's Q2 performance exceeded expectations, especially in new business performance, and the company conducted a large-scale share repurchase. Overall, the consumer industry faces significant challenges, while pressure in commercial real estate is becoming evident