Movement Alert|Mingming Henmang Rises 3.06% in Regular Trading, Western Securities Initiates Buy Rating Citing Strong Growth Outlook

Market Focus06-10

On June 10, Mingming Henmang (01768.HK) rose 3.06% in regular trading, trading at 347.2 HKD/share, with trading volume of 30.62 million HKD. The stock continued its rebound trajectory following multiple positive catalysts in recent sessions.

On the news front, Western Securities published its inaugural coverage report on June 9, assigning a Buy rating and highlighting the company as a leading multi-store snack retail chain with significant profit release potential. The brokerage projects revenue of 88/104.6/119 billion yuan for fiscal years 2026-2028, with net profit of 3.5/4.4/5.5 billion yuan respectively, noting that the bulk snack retail sector continues to expand with ample room for penetration rate improvement.

This follows Citi initiating coverage with a Buy rating and 439.6 HKD target price, while CICC maintains an Outperform rating with a 530 HKD target. Additionally, the stock was formally included in the Hong Kong Stock Connect program effective June 8, opening access to mainland capital flows. The two industry leaders also jointly issued statements promoting rational industry development, signaling easing competitive pressures.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment