Movement Alert｜Mingming Henman Rises 3.2% in Regular Trading, Multiple Institutions Issue Buy Ratings Boosting Market Confidence

Market Focus07-13

On July 13, Mingming Henman (Snacks Are Busy) rose 3.2% in regular trading, trading at 380.4 HKD/share, with turnover of approximately 57.95 million HKD.

On the news front, multiple institutions have recently initiated coverage with \"Buy\" ratings in quick succession. Macquarie raised its target price 3.5% to 592 HKD, maintaining its \"Outperform\" rating, projecting H1 revenue growth of 55% YoY and adjusted net profit growth of 64% YoY. The broker estimates full-year new store openings could reach 6,500-7,000, well above the company's guidance of 5,000. Changjiang Securities also initiated coverage with a \"Buy\" rating, citing the company's significant scale-efficiency advantages and the Zhao Yiming brand's \"Save Money Supermarket\" model advancing toward a multi-category hard-discount format. Huatai Securities maintained its adjusted net profit forecasts of RMB 3.80/4.48/5.20 billion for 2026-2028, expressing optimism on the company's continued market share expansion prospects. The concentrated bullish consensus from sell-side coverage continues to reinforce investor confidence.

(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.)

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