On June 9, Guming fell 3.01% in regular trading, trading at 22.64 HKD/share, with trading volume of 15.90 million HKD. The stock extended its multi-week downtrend, having declined consecutively from 23.36 HKD on June 2.

The persistent weakness is primarily attributed to same-store sales pressure and sustained capital outflows. Goldman Sachs previously forecasted a 6% decline in same-store sales, while southbound capital has accumulated net selling of over 6.34 million shares over the past 20 trading days, signaling bearish positioning. Additionally, concerns over the sustainability of growth have intensified following the company's high-cost acquisition of its Hangzhou headquarters land, which carries a five-year cumulative revenue target of 10 billion yuan.

Within the Restaurants sector, peer Mixue Group also declined 2.07%, while Yum China fell 0.6% and Haidilao dropped 0.64%. Meanwhile, Super Hi surged 15.24% and Meituan-W gained 1.11%, indicating divergent performance within the sector.

Guming Holdings Limited is an investment holding company principally engaged in the production and sale of freshly made beverages, operating the Guming brand primarily through a franchise model, selling fruit tea, milk tea, and coffee products.

(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.)