On August 13, BUSYMING rose 3.17% in regular trading, trading at HK$390.0/share, with turnover of HK$24.33 million.
On the news front, the company announced on August 12 that its board of directors plans to convene on August 24 to review and approve interim results for the six months ended June 30, as well as to consider the declaration of an interim dividend. Additionally, Huachuang Securities initiated coverage on August 11 with a Strong Buy rating and a target price of HK$580, forecasting adjusted net profits of RMB 4.37 billion, RMB 6.32 billion, and RMB 8.02 billion for 2026-2028, implying P/E ratios of approximately 16x, 11x, and 9x respectively.
The upcoming results review comes amid strong operational momentum. Macquarie estimates first-half revenue growth of 55% year-over-year with stable same-store sales, while the company achieved a milestone in July with signed stores surpassing 30,000, becoming the first domestic snack and beverage chain to reach that scale. Multiple brokerages have issued bullish ratings, with target prices ranging from HK$408 to HK$592.
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