Movement Alert｜Mingming Henmang Rises 4.11% in Regular Trading, Multiple Institutions Initiate Buy Ratings as Store Openings Exceed Expectations

Market Focus07-14

On July 14, Mingming Henmang (01768.HK) rose 4.11% in regular trading, trading at HK$390.2 per share, with turnover of HK$7.361 million.

On the news front, multiple institutions have recently initiated coverage with \"buy\" ratings, continuously boosting market confidence. Macquarie raised its target price to HK$592, maintaining an \"outperform\" rating, projecting first-half revenue growth of 55% year-over-year and adjusted net profit growth of 64% year-over-year. The bank forecasts full-year new store openings of 6,500 to 7,000, significantly exceeding the company's guidance of 5,000. Changjiang Securities also initiated coverage with a \"buy\" rating, citing the company's significant advantages in scale and operational efficiency.

Additionally, Huatai Securities maintains adjusted net profit forecasts of RMB 3.8/4.48/5.2 billion for 2026-2028, expressing confidence in the company's prospects for continued market share expansion. The stock was included in the Stock Connect program on June 8, a key milestone enhancing liquidity and investor access.

(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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