Understanding the Market | FEIYANG GROUP rises over 5% as the group begins to expand digital business scenarios with the upcoming holidays boosting the tourism market
FEIYANG GROUP rose over 5%, as of the time of writing, up 6.67%, at HKD 0.40, with a transaction volume of HKD 5.7194 million. In terms of news, recently, FEIYANG GROUP's wholly-owned subsidiary, Zhejiang Feiyang International Tourism Group Co., Ltd., signed a "Strategic Cooperation Framework Agreement" with Qingdao Cultural Property Exchange Center regarding potential cooperation in the digitalization of cultural tourism assets. The key cooperation content includes jointly building a digital trading platform for tourism assets, collaboratively developing digital resources in cultural tourism and IP incubation, jointly researching the application of digital technology in the certification and trading of cultural tourism assets, and exploring innovative business models for expanding digital asset trading in Hong Kong and overseas. The cooperation is expected to have a positive impact on the group's expansion of digital business scenarios and improvement of asset operation efficiency. Additionally, with the Mid-Autumn Festival and National Day holidays approaching, the tourism sector is focusing on holiday catalysts. Guozheng International released a research report stating that it is expected that domestic tourism revenue per capita during the National Day holiday will increase by 7.0% and 8.3% year-on-year on a comparable basis. The core indicator for the National Day holiday remains the recovery progress of the average spending per customer; if better than expected, it is likely to drive optimistic sentiment in the sector
According to Zhitong Finance APP, FEIYANG GROUP (01901) rose over 5%, and as of the time of writing, it increased by 6.67%, trading at HKD 0.40, with a transaction volume of HKD 5.7194 million.
In terms of news, recently, FEIYANG GROUP's wholly-owned subsidiary, Zhejiang Feiyang International Tourism Group Co., Ltd., signed a "Strategic Cooperation Framework Agreement" with Qingdao Cultural Property Exchange Center regarding potential cooperation in the field of digitalization of cultural tourism assets. The key cooperation content includes jointly building a digital trading platform for tourism assets, collaboratively developing digital resources in cultural tourism and IP incubation, jointly researching the application of digital technology in the storage and trading of cultural tourism assets, and exploring innovative business models for expanding digital asset trading in Hong Kong and overseas. The cooperation is expected to positively impact the group's expansion of digital business scenarios and enhance asset operation efficiency.
Additionally, with the Mid-Autumn Festival and National Day holidays approaching, the tourism sector is focusing on holiday catalysts. Guozheng International released a research report stating that it is expected that domestic tourism revenue per capita during the National Day holiday will increase by 7.0% and 8.3% year-on-year on a comparable basis. The core indicator for the National Day holiday remains the recovery progress of the average spending per customer, and if it exceeds expectations, it is likely to drive optimistic sentiment in the sector
