On August 24, BUSYMING fell 3.42% in regular trading, trading at HKD 395.0 per share, with turnover of HKD 90.47 million. The decline came as the company's board convened its scheduled meeting to review interim results for the six months ended June 30 and to consider an interim dividend.

The stock had rallied in recent weeks driven by multiple broker initiations and the approaching earnings window. Macquarie maintained an Outperform rating with a target price of HKD 592, projecting first-half revenue growth of 55% year-on-year, while Huachuang Securities initiated coverage with a Strong Buy rating and a target price of HKD 580. With the results review now formally underway, short-term funds moved to lock in gains accumulated during the run-up.

Fundamentally, the company announced its signed store count exceeded 30,000 in July, making it the first snack and beverage chain in China to reach that milestone. Macquarie forecasts full-year new store openings of 6,500 to 7,000, above company guidance of 5,000, supported by expansion into fresh and frozen food categories and ongoing supply chain optimization.

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