Miniso (09896.HK): Will heavily invest and focus on offline physical stores and flash warehouses.
According to internal media reports, the vice president and chief risk officer of miniso (09896.HK), Yang Yunyun, recently stated at the 2024 Meituan Instant Retail Industry Conference that consumers' demands are becoming more diverse, and they want to be able to buy immediately when they want. Instant retail is an important opportunity now and in the future. Businesses should tightly grasp the good model of lightning warehouses and other representative industry trends. Yang Yunyun further mentioned that miniso will heavily invest and focus on offline physical stores and lightning warehouses, achieving a diversified and complementary effect through product differentiation. Previously, miniso and Meituan announced a deep strategic cooperation to
Merrill Lynch raised the target price of Yum China (09987.HK) to 380 yuan, adjusting the earnings forecast for the next two years.
Bank of America Securities has released research reports, listing Yum China (09987.HK) (YUMC.US) as a 'first in, first out' stock selection, believing it is one of the few stocks in the Chinese consumer industry less likely to face downside profit risks. Based on same-store sales performance, margin improvements, strengthening of the Renminbi exchange rate, share buybacks, and fair value gains from the stake in Meituan (03690.HK), Bank of America has raised its earnings per share forecast for Yum China by 3% and 2% for the next two years, with the target price increased from 323 yuan to 380 yuan. Bank of America predicts that Yum China's same-store sales decline in the third quarter will narrow to between 2% and 3%, compared to the second quarter.
Daily Bulls and Bears | Hong Kong stocks net inflow of 28 million Hong Kong dollars in light positions, with a bull-bear street ratio of 63:37; Galaxy Ent fell more than 5% yesterday, while put warrants rose over 5 times.
As of the close of yesterday, the market turnover was 208.369 billion Hong Kong dollars, with a total turnover of 19.177 billion Hong Kong dollars for all warrants. This accounts for 9.2% of the market turnover, with 5.1% held in the 'good depot' category and 4.1% in the 'weak depot' category.
Express News | Meituan established a new technology company in Guangxi.
Hong Kong stocks midday review | Hong Kong stocks rebound! The three major indices oscillate higher; the real estate and major financial sectors led the gains, with Sunac up more than 22% and gtja up more than 6%.
Most of the network technology stocks rose, with Meituan-W up 2.81%, jd.com Group-SW down 2.31%; real estate developers' stocks rose, sunac up 22.27%, china vanke up 15.20%; securities and brokerage stocks generally rose, gtja up 6.17%, china merchants up 5.94%.
The Hong Kong government will open a low-altitude flight pilot program, involving drone delivery, surveying, performances, search and rescue, and other applications.
Chief Executive John Lee Ka-chiu stated in the 2024 Policy Address that low-altitude economy has huge potential. In addition to applications in rescue, surveying, delivery, and passenger transportation, it can also drive the development of communication technology, ai, digital industries, etc. The government is establishing a "Low-altitude Economy Development Task Force", with the Financial Secretary as the Task Force Leader, to formulate development strategies and cross-departmental action plans. The Task Force will start with application projects, set specific application sites to promote projects, and establish regulations and infrastructure systems, study the deployment of basic equipment and networks, and develop locations for drone applications, such as drone delivery, surveying, building maintenance, aerial photography, and performances.