Movement Alert｜Mingming Henmang Rises 5.25% in Regular Trading, Accelerating Store Expansion and Anti-Involution Expectations Continue to Lift Shares

Market Focus07-03

On July 3, Mingming Henmang rose 5.25% in regular trading, trading at HK$362.6/share with turnover of HK$23.13 million, extending its strong momentum from the prior session.

On the news front, institutional research indicates that both Mingming Henmang and Wanchen Group maintained a pace of over 1,000 new store openings in June, reinforcing high certainty around the full-year target of 5,000 new stores. Additionally, the two industry leaders previously issued statements opposing disorderly involution and advocating rational development, significantly alleviating market concerns over deteriorating competitive dynamics. The company was officially included in the Stock Connect program on June 8, with sustained southbound capital inflows improving liquidity. Multiple institutions maintain Buy ratings with target prices ranging from HK$425 to HK$542.

(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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