The opening of the country by the great power ‘China’ is a big news that the whole world has been waiting for for many years. Due to the ‘zero-covid’ policy in the past, China has strictly enforced COVID-19 prevention measures. News of the announcement of the stricter easing of testing and quarantine policies has made Chinese stock markets and Hong Kong bustling. influence to hotel and tourism stocks But another group that investors seem to flock to to speculate energetically is accommodation stocks. “For the deceased”
CNBC said the share price of Fu Shou Yuan International Group (福寿园国际集团), the largest funeral service provider in China, closed at 7.04 Hong Kong dollars in trading on the Hong Kong Stock Exchange on Dec. 23. It has soared 80% in the past two months to its highest level in more than a year.
Fu Shou Yuan International Group’s share price has soared nearly 40% from the end of the year to the end of November. and is aiming for a 15% growth rate compared to the previous year. After stock prices plummeted during China’s lockdown announcement
movement from China’s National Health Commission (NHC) said on Dec. 26 that China would lift quarantine measures for people traveling abroad. Effective from January 8, 2023 after being enforced for 3 years, resulting in both Asian stock markets. And stocks in tourism and airlines rose on the good news.
Data from Research and Markets reveals that funeral service providers in China This is a business that is tied to the value of adhering to filial piety to ancestors. It has a market size of 641 billion yuan (3.2 trillion baht) in 2020 and is expected to grow to 942 billion yuan (4.68 trillion baht) in 2025, compared to a real estate market size of 1.42. Trillion dollars in 2020 (49.18 trillion baht) and is expected to grow to $ 1.61 trillion (55.8 trillion baht), then it will be found that the proportion is 6 – 8%, or real estate for the dead in China. It is as large as almost 10% of people ever.
Chinese cremation service provider Fu Shou Yuan has enhanced its selection of ancestral resting places. At a superficial level, you may understand that this is a choice to buy accommodation. or high-class real estate There is also a 360-degree VR tour for customers to choose from. The whole zone is a mausoleum. and a reception zone for children who come to use the service
source : CNBC, Reasearch and Markets, Fu Shou Yuan