Pre-market trend | FOREST CABIN (2657.HK) 5/5 Consumer stocks pull back, has the enthusiasm for new stocks faded?

At yesterday's close, FOREST CABIN fell 1.21% to HKD 52.90, with a trading volume of approximately HKD 3.05 million, continuing its recent correction trend. The MACD daily line formed a death cross below the zero axis, indicating that the enthusiasm for this recently listed personal care brand stock is rapidly fading, and buying power has clearly retreated from its highs. As a domestic high-end skincare brand, FOREST CABIN initially received significant market attention upon its listing, but as the new stock effect diminishes, the stock price has gradually shifted downward. With a trading volume of only around HKD 3 million, liquidity is relatively low. On the news front, the consumer sector has recently shown a divergence in the Hong Kong stock market. ANTA SPORTS fell nearly 4% yesterday, and LI NING dropped over 4%, reflecting a collective weakness among leading sports apparel brands and raising concerns about the strength of domestic consumption recovery. Although news of Novo Nordisk's weight loss pills facing a price war mainly affects overseas pharmaceutical sectors, it also reflects the trend of increasing competition in the global consumer health field. As a domestic skincare brand, FOREST CABIN's valuation largely depends on the pace of recovery in domestic consumer confidence, and current macro consumption data has yet to provide strong support. From a technical perspective, the HKD 50 psychological support level is a key point recently; if it continues to fall below this line, it may trigger further adjustments. New stocks often have unstable liquidity in the early stages of listing, and the reference value of the MACD signal should be viewed with caution, but the continuous downward trend itself is worth noting. Today, attention will be on the performance of the A-share consumer sector and the impact of domestic retail data expectations on market sentiment