On June 17, Mingming Hen Mang (01768.HK) fell 3.43% in regular trading, trading at HK$342.6/share, with turnover of HK$20.57 million.

On the news front, after being officially included in the Hang Seng Composite Index and Stock Connect on June 8, the stock rallied for four consecutive sessions with a cumulative gain exceeding 15%, reaching approximately HK$380. The rapid short-term appreciation has triggered sustained profit-taking. Data shows the stock's short-selling ratio reached 40.06%, ranking first in the food and beverage sector with a deviation of 229.72%, reflecting persistent bearish pressure.

Despite multiple brokerages including CITIC Securities and Huaxing Securities maintaining Buy ratings — citing better-than-expected store expansion with approximately 900 net new stores in May and a potential Davis Double Click driven by stable competitive dynamics and fresh snack initiatives — short-term technical selling pressure continues to dominate price action. Huaxi Securities also initiated coverage with a Buy rating, noting the company's supply chain as its core moat with inventory turnover of just 12.7 days.

(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.)