New Gonow RV shares jump 8% after ten departments unveil motorhome consumption measures

Shares of New Gonow RV (00805) rose nearly 8% in morning trading in Hong Kong, hitting a record high of HK$12. As of press time, the stock was up 6.10% at HK$11.82, with turnover of HK$129 million. On September 18, the State Council General Office forwarded the "Several Measures on Promoting Motorhome Consumption" issued by the Ministry of Culture and Tourism and nine other departments. The measures address seven areas: improving motorhome supply quality, optimizing registration and scrapping management, ensuring road access and parking, strengthening campground construction, improving rental services, and increasing financial support. New Gonow RV owns the mid-range brand SNOWY RIVER, the high-end brand REGENT, and the light off-road brand NEWGEN. According to 2023 data, its market share in Australia and New Zealand reached 7.8%, ranking second.