Market ConsolidationMarket leader set for share gains in fragmented markets, as recent average selling price (ASP) decline has accelerated market consolidation with smaller peers struggling with profitability and liquidity.
Overseas ExpansionOverseas expansion on track, with new outlets set up in Thailand and Vietnam, bringing total overseas outlets to 8.
Trading LiquidityHCD’s plan to buy shares for its newly approved ESOP scheme should help mitigate the selling pressure resulting from its removal from Stock Connect.