XIABUXIABU (00520) saw its stock price surge by 5.05% during intraday trading on Wednesday, as part of a broader rally in Hong Kong-listed restaurant stocks. The company's shares climbed to HK$1.03, reflecting strong investor sentiment in the sector. Other notable gainers included HAIDILAO, GREEN TEA GROUP, and JIUMAOJIU, all experiencing significant upticks in their stock prices.

The surge in restaurant stocks can be attributed to encouraging data from the recent National Day holiday period. According to Amap's street scanning rankings, local dining orders skyrocketed by 150% year-over-year during the holiday, with some small "neighborhood eateries" seeing traffic growth of up to 300%. This substantial increase in dining activity has bolstered investor confidence in the restaurant sector, particularly for chain operators like XIABUXIABU.

Analysts have also weighed in on the positive outlook for restaurant chains. Huaxin Securities highlighted multiple catalysts for the sector, noting that chain restaurant operators have benefited from delivery business growth and improved profitability through enhanced procurement bargaining power. Additionally, Galaxy Securities pointed out that the launch of "Amap Street Scanning Rankings" has created a catalyst effect on restaurant industry trends, potentially driving more foot traffic to physical stores. As platforms like Amap intensify their focus on in-store consumption, companies like XIABUXIABU are well-positioned to capitalize on this trend, further explaining the stock's impressive performance.