Movement Alert｜Mingming Henmang Rises 3.23% in Regular Trading, Multiple Institutions Initiate Coverage with Buy Ratings

Market Focus07-20

On July 20, Mingming Henmang (01768.HK) rose 3.23% in regular trading, trading at HKD 389.8/share, with turnover of HKD 1.5546 million.

On the news front, multiple institutions have recently initiated coverage on Mingming Henmang with \"Buy\" ratings in quick succession. Daiwa initiated with a \"Buy\" rating and a target price of HKD 520, naming the company as its top pick in China's catering sector, projecting a 36% adjusted earnings CAGR from FY2025 to FY2028. Bocom International also initiated with a \"Buy\" rating and a target price of HKD 542, citing the company's scale advantages and forecasting revenue CAGR of approximately 18% and adjusted net profit CAGR of approximately 23% from 2025 to 2028. Macquarie previously raised its target price to HKD 592, maintaining an \"Outperform\" rating, estimating stable same-store sales growth and approximately 55% year-over-year revenue growth in H1. Channel data indicates the company opened around 5,000 new stores in the first half, with full-year new store count expected to reach 6,500-7,000, exceeding company guidance of 5,000.

(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.

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