HK Stock Market Move | BUSYMING (01768) rises over 5%, national store network expands rapidly, snack bulk-sale channel maintains relative advantage.

BUSYMING (01768) rose over 5%, up 5.04% as of press time, at HK$354.2, with a turnover of HK$106 million. On the news front, in the first half of this year, BUSYMING leveraged the synergy of its dual brands "Snack Busy + Zhao Yiming Snacks," with the franchise model continuing to gain momentum and the national store network expanding rapidly, driving overall revenue to achieve 60% high growth. Goldman Sachs previously noted in a research report that the company had nearly 29,000 stores open as of the end of August this year, with store system unit economics maintaining healthy performance and continuing to penetrate lower-tier cities. It believes the current valuation is attractive. Guotai Haitong pointed out that holiday dining demand is concentrated, with family gatherings and travel bringing incremental scenarios. The snack sector is showing divergence in performance, with the bulk-sale channel maintaining a relative advantage.