On July 29, BUSYMING rose 3.03% in regular trading, trading at 394.0 HKD/share, with turnover of 88.37 million HKD, extending the previous session's strong 7%+ rebound.

On the news front, the company recently announced that its total signed stores surpassed 30,000, making it the first snack and beverage chain in China to reach this milestone. Guotai Haitong Securities initiated coverage with an \"Overweight\" rating and a target price of 517 HKD, while Macquarie maintained its \"Outperform\" rating with a target price of 592 HKD. Macquarie noted the company opened approximately 5,000 new stores in the first half of the year, projecting full-year openings of 6,500 to 7,000, well above the company's guidance of 5,000, with stable same-store sales growth and estimated revenue growth of 55% year-over-year.

The stock had previously corrected approximately 14% from 389.0 HKD following a buy-the-rumor-sell-the-news reaction to the 30,000-store announcement. The current rebound reflects a technical recovery supported by institutional rating catalysts and supply chain optimization prospects.

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