Movement Alert|Mingming Henmang Rises 3.5% in Regular Trading, Multiple Institutions Issue Buy Ratings as Stock Connect Inclusion Drives Capital Inflows

Market Focus06-11

On June 11, Mingming Henmang rose 3.5% in regular trading, trading at 366.4 HKD/share, with trading volume of approximately 51.27 million HKD.

On the news front, the company was formally included in the Hang Seng Composite Index and Stock Connect on June 8, opening the southbound capital channel and continuously attracting incremental funds. Multiple institutions have recently issued bullish research reports in quick succession: West Securities initiated coverage with a Buy rating citing the company as a market leader with strong profit release potential; Huatai Securities maintained its Buy rating noting the full-year target of 5,000 new store openings is achievable; Citibank initiated coverage with a Buy rating and target price of 439.6 HKD; and CICC maintained its target price of 530 HKD. Institutions broadly favor the company's store expansion runway and improving same-store performance, with Citibank projecting adjusted net profit growth of 47%, 19%, and 15% for fiscal years 2026 through 2028 respectively, driven by revenue growth and gross margin expansion.

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