On June 30, Mingming Henmang (01768.HK) rose 3.04% in regular trading, trading at HK$309.6/share with turnover of HK$19.05 million. The stock rebounded after a period of profit-taking that followed its post-Stock Connect inclusion rally to nearly HK$380.

On the news front, southbound capital has been consistently accumulating the stock, with net purchases recorded in all five most recent trading days totaling 351,000 shares, bringing total southbound holdings to approximately 1.54 million shares. The stock had previously faced selling pressure with short-selling ratios reaching 52.84%. Multiple institutions maintain \"Buy\" ratings with target prices ranging from HK$425 to HK$542, citing accelerating store expansion exceeding 24,000 locations, improving same-store performance, and the company's strategic entry into fresh snack retail. Huaxing Securities noted that inclusion in Stock Connect is expected to continue improving liquidity and driving valuation recovery.

(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.)