On July 2, Mingming Henmang rose 4.17% in regular trading, trading at HK$329.4/share, with turnover of HK$50.04 million.

On the news front, according to institutional research reports, both Mingming Henmang and Wanchen Group maintained a pace of approximately 1,000 new store openings in June, reinforcing high certainty of achieving the full-year target of 5,000 new stores. The two industry leaders previously issued statements opposing disorderly competition and advocating rational development in the snack retail sector, significantly alleviating market concerns over deteriorating competitive dynamics.

Additionally, the company was officially included in the Stock Connect program on June 8, a key milestone since its listing. Passive fund inflows and rising attention from mainland investors continue to improve liquidity. Multiple institutions maintain Buy ratings, with target prices ranging from HK$425 to HK$542. CICC maintains an Outperform rating with a target price of HK$530, while Citi projects adjusted net profit growth of 47%, 19%, and 15% for fiscal years through 2028 respectively.

(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.)