Core Viewpoint - The Hang Seng Consumption Index (HSCGSI) has shown significant growth, with key stocks like Lao Pu Gold and Youbao Online experiencing substantial increases, indicating a positive trend in the consumer sector [1][2]. Group 1: Market Performance - As of June 30, 2025, the HSCGSI rose by 0.97%, with Lao Pu Gold (06181) increasing by 14.60%, reaching a record high of over 1000 HKD [1]. - The Hang Seng Consumption ETF (159699) also saw a rise of 0.98%, with a cumulative rebound of over 15% since its low on April 8 [1]. - The ETF's trading volume was 4.93%, with a total transaction value of 57 million HKD, and it has an average daily transaction of 107 million HKD over the past year, ranking first among comparable funds [1]. Group 2: Key Stocks and Weighting - The top ten weighted stocks in the HSCGSI account for 60.86%, with notable companies including Pop Mart (09992) and Anta Sports (02020) [2]. - Pop Mart holds the highest weight at 11.04%, reflecting its significant presence in the new consumption sector [2]. Group 3: Company Insights - Lao Pu Gold's new store in Singapore has exceeded expectations, with high customer traffic and a conversion rate above 95%, indicating strong market demand [2][3]. - Morgan Stanley analysts have upgraded Lao Pu Gold's target price from 1149 HKD to 1249 HKD, forecasting a compound annual growth rate of 68% for sales and 76% for net profit from 2025 to 2027 [2]. - The new store's product mix and pricing strategy align closely with those in mainland China, enhancing its attractiveness to consumers [3].
老铺黄金新加坡首店表现超预期,盘中股价突破1000港元创历史新高!持仓老铺黄金的恒生消费ETF(159699)涨近1%