Catering stocks have increased collectively. At press time,Xiabu Xiabu(00520) rose 8.62% to HK$10.08;Special International Sea(09658) rose 6.26% to HK$11.88;Haidilao(06862) rose 5.64% to HK$24.35;Elena Division(09869) was up 4.87% to HK$17.22.
CITIC Construction Investment said that during the New Year, catering in various places showed a trend of recovery. Some cities have gradually passed the peak of infection and entered the recovery phase: due to the lifting of various access restrictions during the New Year holidays, offline consumption has ushered in a recovery. In terms of catering, hot pot, barbecue and other commercial formats have improved significantly, which also indicates that catering will enter a recovery stage.
China International Finance Securities believes that offline travel consumption will usher in a deterministic fundamental reversal when it is confirmed that the epidemic prevention policy will be relaxed.
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