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Hong Kong stock market midday review | All three Indexes rose, Semiconductors and Tencent Related stocks strengthened, Weimob surged over 16%, Semiconductor Manufacturing International Corporation rose over 10%, and Tencent increased over 3%.
Network Technology stocks generally fell, KUAISHOU-W dropped 4.65%, Alibaba-W fell 3.32%; many Coal Industrial Concept stocks declined, SOUTHGOBI fell 8.50%, China Coal Energy dropped 5.01%; Mobile Game stocks rose, BOYAA fell 5.06%, TENCENT increased 3.08%;
Hong Kong stocks Concept tracking | The recovery of beauty Consumer purchasing cycles returns to normal in 2024, with a rise of new domestic beauty and personal care brands (including Concept stocks).
The output value of the Cosmetic industry in Guangzhou has exceeded 100 billion yuan.
[Brokerage Focus] Bank of America: The rise and reshuffling of china's domestic cosmetic brands with the stability of international brand prices being key.
Jingwo Finance | Recently, Bank of America Securities held a meeting, inviting leading online cosmetic distributors to share insights. The november 11 shopping festival in 2024 starts about 10 days earlier than in 2023, divided into three waves of promotional periods, with the first wave in October being the most effective, but the marginal utility of the subsequent two promotional waves gradually decreases. According to Syntun's data, the retail sales of the beauty category during the november 11 shopping festival reached 96 billion yuan, a year-on-year increase of 22.5% (the base in 2023 was low at -4.0%). Proya cosmetics (603605) performed excellently, becoming the best seller on Tmall.
[Brokerage Focus] Huayuan Securities initially rates chicmax (02145) as a "buy", stating that its main brand, Han Shu, has strong momentum.
Jinwu Financial News | According to research and analysis released by Huayuan Securities, chicmax (02145) was established in 2002 and focuses on the research, development, production, and sales of skincare and maternal and infant care products. Based on a multi-brand operation global strategy, the company has successfully created multiple brands including Han Shu, One Leaf, and Red Elephant. By the end of 2022, the company made strategic adjustments, leading to a significant increase in the performance of its main brand Han Shu. According to the company's annual report, in 2023, Han Shu achieved a GMV of 3.34 billion on the Douyin platform, an increase of 374% compared to 2022. In the first half of 2024, Han Shu's GMV on the Douyin platform reached 3.44 billion, securing the first place in the "Douyin E-commerce Skincare Brand Overall Ranking H1."
Chicmax (02145.HK): Multiple high-quality domestic brands, the main brand KANSU's performance is remarkable.
After twenty years of deep cultivation in the cosmetic industry, the multi-brand strategy has stood out. The company was established in 2002 and focuses on the research, development, production, and sales of skincare and maternal and infant care products. Based on the multi-brand operation strategy, the company has successfully created brands such as Han Shu, Yi Ye Zi, and Hong.
Hong Kong Stock Market News | chicmax (02145) rose more than 4% intraday, its brand Han Shu regained the top spot in Douyin's beauty makeup rankings in November.
Chicmax (02145) rose over 4% during trading, currently up 3.88% at 33.45 Hong Kong dollars, with a transaction amount of 14.0785 million Hong Kong dollars.