Group 1: Market Overview - The Hong Kong consumer market is experiencing a shift, with "new consumption" brands like Pop Mart gaining significant market value, while traditional high-end brands are losing their appeal [1] - The local retail sector is under pressure due to a decline in consumer spending, with March retail sales expected to drop by 3.5% year-on-year, marking the 13th consecutive month of decline [1] - Despite the overall market challenges, certain resilient consumption trends are emerging, indicating potential opportunities within the sector [1] Group 2: Company Performance - Ocean Global Holdings, a supplier of frozen seafood in Hong Kong and Macau, has shown stable profitability despite the weak local dining market, with a revenue of approximately HKD 396 million and a net profit increase of 2.3% to HKD 41.686 million for the fiscal year 2025 [2] - Since its listing, Ocean Global has achieved a revenue growth of 65% and a net profit increase of approximately 5.3 times over eight years, demonstrating strong financial fundamentals and consistent dividend payouts [2] Group 3: Seafood Consumption Trends - Hong Kong's seafood consumption remains stable, with an average annual import volume exceeding 350,000 tons from 2012 to 2021, indicating a consistent demand rather than a fleeting trend [3] - Hong Kong residents consume an average of 65 kg of seafood per person annually, significantly higher than the global average of 20 kg, ranking fifth globally and third in Asia [3] Group 4: Future Prospects - Ocean Global is exploring the possibility of transferring to the main board of the Hong Kong Stock Exchange, with market optimism reflected in a nearly 36% increase in its stock price this year [3] - The company's value may not yet be fully recognized by the market, and the anticipated move to the main board could lead to a new phase in its stock performance, making it a potential focus for investors [4]