Movement Alert|Mingming Henmang Rises 4.11% in Regular Trading, Multiple Institutions Initiate Buy Ratings as Store Openings Exceed Expectations

Market Focus
07/14

On July 14, Mingming Henmang (01768.HK) rose 4.11% in regular trading, trading at HK$390.2 per share, with turnover of HK$7.361 million.

On the news front, multiple institutions have recently initiated coverage with \"buy\" ratings, continuously boosting market confidence. Macquarie raised its target price to HK$592, maintaining an \"outperform\" rating, projecting first-half revenue growth of 55% year-over-year and adjusted net profit growth of 64% year-over-year. The bank forecasts full-year new store openings of 6,500 to 7,000, significantly exceeding the company's guidance of 5,000. Changjiang Securities also initiated coverage with a \"buy\" rating, citing the company's significant advantages in scale and operational efficiency.

Additionally, Huatai Securities maintains adjusted net profit forecasts of RMB 3.8/4.48/5.2 billion for 2026-2028, expressing confidence in the company's prospects for continued market share expansion. The stock was included in the Stock Connect program on June 8, a key milestone enhancing liquidity and investor access.

(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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