HK Stock Movement | CHICMAX (02145) Surges Over 6% as KANS Maintains Top Spot on Douyin Beauty Rankings; Institutions Expect Rapid Multi-Brand Growth

Stock News14:48

CHICMAX (02145) rose more than 6%, reaching HK$87.5 by the time of writing, with a trading volume of HK$48.11 million. According to industry data, KANS has secured the top position on Douyin's beauty brand rankings for 11 consecutive months this year. Analysts at Guojin Securities highlighted that the company is a leading player in China's beauty and personal care sector, boasting a diversified brand portfolio across skincare, baby care, and personal hygiene segments. The firm is optimistic about CHICMAX's ability to leverage its mature brand management strategy to build a multi-brand conglomerate. Based on projections for skincare, baby care, and personal hygiene segments, KANS is expected to surpass RMB 10 billion in revenue within three years, with rapid growth across multiple brands.

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