Movement Alert｜BUSYMING Falls 3.04% in Regular Trading, Weighing Scandal Continues to Pressure Market Sentiment

Market Focus

Aug 19

On August 19, BUSYMING fell 3.04% in regular trading, trading at 389.6 HKD/share, with turnover of approximately 28 million HKD. The stock has now declined for two consecutive trading days.

On the news front, the company's subsidiary brand Zhao Yiming Snacks has been embroiled in a weighing scandal that continues to ferment. A consumer in Cangzhou, Hebei Province discovered that the checkout weight of bulk beef jerky purchased at a store differed by several times from the actual weight, sparking widespread public attention. Multiple local market regulators have launched specialized measurement inspections of bulk discount snack stores. The ongoing negative sentiment has overshadowed a prior session's gains driven by interim results review expectations and a broker's strong-buy rating.

BUSYMING currently operates two major brands — Snacks Are Busy and Zhao Yiming Snacks — with signed stores exceeding 30,000, making it the first leisure food and beverage chain in China to reach this scale. The company's board is scheduled to meet on August 24 to review interim results for the six months ended June 30 and consider an interim dividend.

(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.

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