On September 15, BUSYMING fell 3.23% in regular trading, trading at 378.8 HKD/share, with turnover of 2.418 million HKD. The stock gave back gains after rallying over 6% in the prior session on the back of Citi reiterating its Buy rating with a target price of 555.9 HKD.
The renewed weakness reflects persistent market concerns over the ongoing weighing scandal at the company's franchise stores. Multiple regional regulators have launched specialized inspections into short-weighing practices at stores operating under the group's brands, with some outlets placed under formal investigation. While the company issued a public apology on September 7 and introduced corrective measures — including a tenfold price-difference compensation policy, daily scale calibration, and a nationwide real-time scale monitoring system — investors remain skeptical about the group's ability to enforce compliance across its network of over 26,000 stores. The stock had previously declined for three consecutive sessions to a low of 363.4 HKD before the prior-day bounce, suggesting short-term trading sentiment remains fragile amid unresolved franchise governance risks.
(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.)