Understanding the Market | MAO GEPING rises over 9%, Double Eleven promotion is expected to amplify brand momentum, Morgan Stanley believes the company has significant growth opportunities
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MAO GEPING's stock price rose by more than 9%, with an increase of 9.2% as of the time of publication, trading at HKD 106.8, with a transaction volume of HKD 278 million. The Double Eleven shopping festival is about to begin, and domestic cosmetics brands are actively announcing their promotional mechanisms. JP Morgan believes that MAO GEPING has significant growth opportunities, expecting its market share in the high-end cosmetics market to double, with a compound annual growth rate (CAGR) of 31% for revenue and profit
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