On December 6, 2023, Sands China continued**, rising nearly 6% to 21HK$4, the fifth consecutive day**, the stock price hit a new high since November 23.
On the news side, the company announced last night that the controlling shareholder Las Vegas Sands CorpProposed up to 19HK$5.1 billion to increase the company's shareholding. Based on the closing price quoted on the Stock Exchange of Hong Kong*** on the date of the purchase transaction of 20Calculated at HK$20, the financing amount is equivalent to about 9660020,000 shares total**, equivalent to approximately 119%。
In terms of related ETFs, Hong Kong Stock Connect Consumer ETF (513960)**144% with a turnover rate of 389%, actively traded. Among the constituent stocks, Li Ning, Xtep China, Sands China, and Bilibili rose by more than 3%, and Chuangke Industries and Haidilao followed suit.
The ETF tracks the CSI Hong Kong Stock Connect Consumer Index, covering 50 listed companies related to the consumer theme in the Hong Kong Stock Connect**, covering outstanding companies in various consumer sub-sectors, especially the scarce targets that are not available in A-shares. Covering the consumption segment track, focusing on scarce targets in the consumer field.
The CSI Hong Kong Stock Connect Consumer Theme Index covers a wide range of industries, including mandatory and optional consumption, as well as some Internet companiesIt includes 12 Shenwan first-class consumer industries, including 34 Shenwan** sub-industries. The blessing of the leaders in the sub-sectors of the index reflects the scarcity growth of the index, and it may also have greater elasticity in the stage of consumption recovery.
Huatai ** said that domestic demand has bottomed out in stages, and going overseas has become a new growth point. Looking forward to 2024, in the optional consumption sector, going overseas is one of the clearer development directions of sweepers and floor scrubbers. Through the review of this year's domestic 618 and Double 11 promotions, we believe that the weak recovery of demand will still be the primary factor restricting industrial development and sector investment opportunities next year.
Among them, 1) the domestic demand for sweepers has bottomed out in stages and maintained an L-shaped trend in the short term, the market is dominated by structural growth, and it is very important to promote the systematic construction of products2) The growth of floor scrubbers has slowed down and profitability may continue to decline, we believe that the current domestic floor scrubber market has come to the middle and late stages of the growth stage, and the fierce competition will lead to an accelerated decline in the profitability of the industry. However, we predict that the industry reshuffle period will not be too long, and the second half of next year may enter a period of stable competition. In this context, going overseas has become an industry consensus, and the top players will accelerate their pace in 2024 and look for new growth points.
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for Youlian Cloud.