For those who do not live in China or have never been to China, you probably dont know about this company.
HKEX:520 is actually the largest chain of hotpot restaurant in China.
In their recent pre-release of annual result, they have declared the earnings has decliend by 90%...but yet their stock price didn't fall on that day...on the contrary it was a green day...
The F&B sector in the HK stock market is doing very well, such as Meituan (3690) and Yum China (9987) as China has very good control of COVID-19, and people and returning to their normal lifestyle.
This stock has a 38% growth within the last 10 days, therefore I assume there would be a better entry price after the retracement.
