CITIC Securities: Consumer stimulus policies are coming one after another, preferring efficient leading chain catering

Jinshi data, October 15th, Guoxin Securities released a research report stating that the operating performance of the catering zone company in the first half of 2024 is under pressure, but some leading catering businesses with a strong Supply Chain foundation and strong brand consumption stickiness still have a relative advantage in operating performance and have achieved good Alpha growth. Considering the frequent combination of punches to promote consumption recently, the catering zone is expected to benefit from both the fundamentals and the sentiment of the zone, taking into account the certainty of operating performance and the expectation of gradual recovery of the consumption environment. Maintain a ‘outperform the market’ rating for the zone.