HK Movers | Mao Geping Cosmetics Stock Jumps 10% to A Record High of HK$101.6 After Being Added to Southbound Stock Connect

Tiger Newspress
03/11

MAO GEPING stock surged as much as 10% a record high of HKD101.6 as the Shenzhen Stock Exchange added the company to the southbound Stock Connect.

The Hangzhou-based company was founded by make-up artist Mao Geping in 2000. Mao sought to promote Chinese make-up artistry and aesthetics globally. The brand’s products often depict designs that mimic classical Chinese paintings.

The company’s fusion of traditional eastern aesthetics with modern beauty standards has been very popular among Chinese consumers.

Today, Mao Geping is the only domestic player among the top 10 premium beauty groups in China, ranking seventh based on total retail sales in 2023 with a market share of 1.8 per cent, according to Frost & Sullivan.

The company is a leader in the premium beauty market in China, an industry that was valued at US$9.9 billion in 2023. That is expected to jump to US$16.7 billion by 2028, according to market researcher Euromonitor International.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10