On June 9, Mingming Henmang (01768.HK) rose 3.58% in regular trading, trading at 345.0 HKD/share, with trading volume of 47.44 million HKD. The stock rebounded following the prior session's profit-taking decline after its formal inclusion in the Stock Connect program.

On the news front, Mingming Henmang was officially added to both the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect target lists effective June 8, opening a direct channel for mainland capital inflows. The inclusion is expected to significantly improve liquidity and pricing efficiency. Meanwhile, Citi recently initiated coverage with a Buy rating and a target price of 439.6 HKD, citing substantial store expansion potential and the company being recognized by major food and beverage brands as an emerging sales channel. CICC maintains an Outperform rating with a target price of 530 HKD, implying approximately 47% upside, projecting adjusted net profit of 4.08 billion yuan for fiscal year 2026. Additionally, the company's joint anti-price-war statement with Wanchen Group on June 2 signaled a positive shift in industry competition dynamics.

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