Understanding the Market | Restaurant stocks' gains expanded in the closing hours. Institutions say platforms like Gaode are focusing on in-store consumption, which is expected to further boost store traffic
At the end of trading, restaurant stocks saw an expanded increase. As of the time of publication, HAIDILAO rose by 4.84%, trading at HKD 13.22; GREEN TEA GROUP increased by 4.68%, trading at HKD 6.71; XIABUXIABU rose by 4.04%, trading at HKD 1.03; and JIUMAOJIU increased by 2.5%, trading at HKD 2.05. In terms of news, data from the Amap Street Ranking shows that during the National Day holiday, the order volume in the local dining industry increased by 150% year-on-year, with many small "street food shops" experiencing a peak in traffic, leading to an overall growth of 300%. Huaxin Securities released a research report stating that the restaurant chain sector has seen significant catalysts, with chain restaurants represented by Xiao Cai Yuan and Green Tea benefiting from the boost in takeout business, resulting in a year-on-year increase in revenue. At the same time, the bargaining power for raw material procurement has improved due to scale effects, continuously optimizing profitability. With platforms like Amap focusing on in-store consumption, there is potential for further increases in store traffic. Galaxy Securities also noted that the release of the "Amap Street Ranking" has had a positive impact on the dining trend
According to Zhitong Finance APP, restaurant stocks saw an expanded increase in the late trading session. As of the time of publication, HAIDILAO (06862) rose by 4.84% to HKD 13.22; GREEN TEA GROUP (06831) increased by 4.68% to HKD 6.71; XIABUXIABU (00520) climbed by 4.04% to HKD 1.03; and JIUMAOJIU (09922) went up by 2.5% to HKD 2.05.
In terms of news, data from the Gaode Street Ranking shows that during the National Day holiday, the order volume in the local dining industry increased by 150% year-on-year, with many small "street food shops" experiencing a peak in traffic, leading to an overall growth of 300%. Huaxin Securities released a research report stating that the restaurant chain sector has seen multiple catalysts, with chain dining industries represented by Xiaocaiyuan and Green Tea benefiting from the boost in takeaway business, resulting in a year-on-year increase in revenue. At the same time, the bargaining power in raw material procurement has improved due to scale effects, continuously optimizing profitability. With platforms like Gaode focusing on in-store consumption, there is potential for further increases in store traffic. Galaxy Securities also noted that the release of the "Gaode Street Ranking" has had a positive impact on the dining trend
