Hong Kong Stock Alert | FEIYANG GROUP (01901) Surges Over 5% as Company Expands Digital Business Scenarios, Tourism Market Heats Up Ahead of Holidays

FEIYANG GROUP (01901) surged over 5%, and as of press time, the stock was up 6.67% to HK$0.40 with a trading volume of HK$5.7194 million.

On the news front, FEIYANG GROUP's wholly-owned subsidiary, Zhejiang Feiyang International Tourism Group Co., Ltd., recently signed a "Strategic Cooperation Framework Agreement" with Qingdao Cultural Property Exchange Center regarding potential collaboration in the digitalization of cultural and tourism assets. The key cooperation areas include jointly building a digital trading platform for tourism assets, collaborating on digital development of cultural and tourism resources and IP incubation, jointly researching the application of digital technology in cultural and tourism asset registration and trading, and exploring innovative business models such as expanding digital asset trading in Hong Kong and overseas markets. The cooperation is expected to positively impact the group's expansion of digital business scenarios and enhancement of asset operation efficiency.

Additionally, with the Mid-Autumn Festival and National Day holidays approaching, the tourism sector is drawing attention for potential holiday catalysts. Guotai Junan International released a research report predicting that domestic tourism revenue and visitor numbers during the National Day holiday will grow 7.0% and 8.3% year-over-year respectively on a comparable daily average basis. The core indicator for the National Day holiday remains the recovery progress of per-customer spending, and if it exceeds expectations, it could drive optimistic sentiment in the sector.