On June 8, Mingming Henmang fell 3.69% in regular trading, trading at 332.4 HKD/share, with trading volume of HKD 127 million. The decline extends the stock's recent pullback trend.

On the news front, the stock's inclusion in the Hang Seng Composite Index and the Shanghai-Shenzhen-Hong Kong Stock Connect officially took effect on June 8. The market had already fully priced in this positive catalyst, prompting some investors to lock in gains upon the event's realization. Additionally, persistent short-selling pressure continues to weigh on the stock, with recent data showing a short ratio of 40.06%, the highest among food and beverage peers, and a deviation ratio of 229.72%, indicating concentrated bearish positioning.

Despite near-term headwinds, institutional sentiment remains constructive on the medium-to-long-term outlook. CICC maintains an Outperform rating with a target price of HKD 530, while Citi initiated coverage with a Buy rating and a target price of HKD 439.6, citing strong sales point expansion potential and robust GMV growth prospects for fiscal years through 2028.

(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.)