On June 10, Mingming Henmang (01768.HK) rose 3.06% in regular trading, trading at 347.2 HKD/share, with trading volume of 30.62 million HKD. The stock continued its rebound trajectory following multiple positive catalysts in recent sessions.

On the news front, Western Securities published its inaugural coverage report on June 9, assigning a Buy rating and highlighting the company as a leading multi-store snack retail chain with significant profit release potential. The brokerage projects revenue of 88/104.6/119 billion yuan for fiscal years 2026-2028, with net profit of 3.5/4.4/5.5 billion yuan respectively, noting that the bulk snack retail sector continues to expand with ample room for penetration rate improvement.

This follows Citi initiating coverage with a Buy rating and 439.6 HKD target price, while CICC maintains an Outperform rating with a 530 HKD target. Additionally, the stock was formally included in the Hong Kong Stock Connect program effective June 8, opening access to mainland capital flows. The two industry leaders also jointly issued statements promoting rational industry development, signaling easing competitive pressures.

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