On August 17, BUSYMING rose 3.55% in regular trading, trading at HKD 412.0/share, with turnover of HKD 10.35 million.

On the news front, the company announced on August 12 that its board of directors will convene on August 24 to review interim results for the six months ended June 30 and consider declaring an interim dividend. Additionally, Huachuang Securities recently initiated coverage on BUSYMING with a Strong Buy rating and a target price of HKD 580, forecasting adjusted net profits of RMB 4.37 billion, RMB 6.32 billion, and RMB 8.02 billion respectively, corresponding to PE ratios of approximately 16x, 11x, and 9x. Macquarie also previously raised its target price to HKD 592, citing estimated new store openings of 6,500 to 7,000 for the full year, well above the company guidance of 5,000. The company has surpassed 30,000 signed stores, making it the first snack and beverage chain in China to reach that scale.

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