Changes in Hong Kong stocks | Meet Xiaomian (02408) rose nearly 5%, the first overseas store landed, and the pace of expansion in Singapore continues to accelerate

The Zhitong Finance App learned that Meet Xiaomian (02408) rose by nearly 5%. As of press release, it had risen 4.71% to HK$4.45, with a turnover of HK$2,545 million.

According to the news, according to Guangzhou Daily, on December 29, I met Xiaomian's 500th store in the world and the first store in Singapore, at 313 @Somerset正式揭幕 Orchard Road, a trendy local commercial landmark in Singapore. According to reports, the pace of expansion of Meet Xiaomen in Singapore continues to accelerate, and preparations are already underway for the Singapore Tampines Plaza store and other stores.

Dongwu Securities pointed out that in reviewing the company's history, three factors contributed to the company's success: anchoring a differentiated high diving track, that is, spicy food from Sichuan and Chongqing; implementing standardization and digitalization earlier; and taking the lead in shopping malls and stores. The bank believes that in the medium to long term, the same store is expected to be repaired by taking many measures such as increasing takeout, boosting new categories, merging high-quality overseas stores, and reducing operating costs.