HK Stock Market Move | BUSYMING (01768) rose over 11% during trading hours. The annual store opening expectation is highly certain, and the company's future growth momentum is evident.

BUSYMING (01768) rose more than 11% during trading hours, and as of the time of publication, it was up 7.38% and trading at HK$334.6, with a turnover of HK$47.8977 million. On the news front, last month, BUSYMING Group and Fujian Wanchen Food Group successively issued statements advocating against disorderly competition and irrational competition in the industry, and promoting rational development of the chain snack industry. According to the research report of China Securities Co., Ltd., Wanchen and Mingming both continued to maintain the speed of opening thousands of new stores in June. It is worth mentioning that BUSYMING was officially included in the list of Shanghai-Hong Kong Stock Connect under Hong Kong Stock Connect on June 8th, marking an important milestone for the company since its listing. After being included, it will be opened to mainland investors, with the passive index fund allocation demand and active fund attention likely to improve liquidity and drive valuation repair. Huaxi believes that the company's future growth drivers are clear. Firstly, through the expansion of the store network, the bank expects the company's number of stores to increase to 35,000 by 2028, while steadily expanding in high-tier cities while deepening the market in counties. Secondly, through improving the efficiency of single stores by optimizing product structure and digitizing precise replenishment, the company continues to improve sales efficiency. Thirdly, through upgrading the supply chain and products, further increasing the proportion of customized products, and strengthening differentiation competitiveness. The company has formed a differentiated competitive path of "scale first" and "profit first" with Fujian Wanchen Food Group, with both parties complementing each other's regional layout, as the industry enters a stage of benign development.