Market NewsDaily bull stock tracking | two Hong Kong stocks hit a new high, and Tsing Tao Beer's shares (00168) rose 4.24%.By the close of trading on August 1, two Hong Kong stocks had reached record highs, namely Tsing Tao Beer shares (00168) and New Oriental-S (09901). (note: statistics on the market capitalization of Hong Kong stock market & HK $10 billion for gt;, HK $10 million for gt;, listing time & stocks for gt;1 months)
Tsing Tao Beer shares (00168) hit an intraday high of HK $83.50, a 52-week high. The stock closed up 4.24% at HK $79.9. Soochow Securities released a research report saying that beer sales are expected to continue to grow during the peak season, and are optimistic about the resilience of leading wine enterprises. in the short term, the continuous hot weather in July, coupled with the average prices of aluminum and barley have fallen, sales in the peak season are expected to continue to grow. The continuous deduction of the high-end logic of "simultaneous rise of volume and price"
New Oriental-S (09901) hit an intraday high of HK $22.85, a 52-week high, up 35.63% in the past year. The stock closed up 0% at HK $21.70. Fu Rui published a research report saying that it is believed that the company's performance will be back on track. After-school tutoring business will focus on high school students, which is expected to account for about 20% of the company's income, and the overseas study business will return to the position of the largest contribution to income, accounting for about 30% of the income. The bank expects the company's quality education business to contribute 15% of the company's total revenue last quarter, with the remaining income coming from other businesses such as online education and teaching materials, citing New Oriental management. The company intends to consolidate its leadership position in the existing business of studying abroad, research institutes and teaching materials, while exploring new opportunities such as quality education.
USMART smart writer's information and data come from public media reports, smart writer can not guarantee its complete accuracy, the content is for reference only, does not constitute investment advice.
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