Hong Kong Restaurant Stocks Surge in Late Trading as Platforms Drive In-Store Consumption Growth

Stock News
10/15

Restaurant stocks expanded their gains during late trading sessions. As of press time, HAIDILAO (06862) rose 4.84% to HK$13.22; GREEN TEA GROUP (06831) gained 4.68% to HK$6.71; XIABUXIABU (00520) climbed 4.04% to HK$1.03; and JIUMAOJIU (09922) increased 2.5% to HK$2.05.

On the news front, data from Amap's street scanning rankings showed that local dining orders surged 150% year-over-year during the National Day holiday period. Numerous small "neighborhood eateries" hidden in streets and alleys experienced traffic peaks, with overall growth reaching 300%.

Huaxin Securities issued a research report stating that restaurant chains face multiple catalysts. Chain restaurant operators represented by Xiaocaiyuan and Green Tea have previously benefited from delivery business growth, achieving year-over-year revenue increases while improving profitability through enhanced procurement bargaining power from scale effects. As platforms like Amap intensify their focus on in-store consumption, this is expected to further boost store foot traffic.

Galaxy Securities also noted that the launch of "Amap Street Scanning Rankings" has generated a catalytic effect on restaurant industry trends.

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