Movement Alert|BUSYMING Rises 3.02% in Regular Trading, Goldman Sachs Reaffirms Buy Rating with HK$610 Target Price

Market Focus
Sep 28

On September 28, BUSYMING rose 3.02% in regular trading, trading at HK$354.2/share, with turnover of HK$1.9879 million.

On the news front, Goldman Sachs recently reaffirmed its \"Buy\" rating on BUSYMING with a target price of HK$610, citing the company's newly announced H-share award plan as a positive signal. The plan grants approximately 1.6188 million shares to 185 employees, representing 0.74% of total issued shares. Goldman Sachs noted that the plan effectively balances long-term incentives with performance accountability, aligning core employee interests with shareholders during the company's rapid expansion phase. As of late August, BUSYMING operated nearly 29,000 stores nationwide.

Additionally, BUSYMING was ranked 178th on the Top 500 Chinese Private Enterprises list, surging 141 positions year-over-year, driven by full-year revenue of RMB 66.17 billion. Its H1 results showed revenue of RMB 45.0 billion, up 60% year-over-year, with adjusted net profit of RMB 2.45 billion, up 136.6%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10