The Zhitong Finance App learned that Ming Ming was very busy (01768), up more than 5%. As of press release, it had risen 4.78% to HK$385.8, with a turnover of HK$91.085,700.

According to the news, Macquarie released a research report saying that according to channel data, Ming Ming is busy opening about 5,000 new stores in the first half of 2026. Currently, it is predicted that the number of new stores will reach 6,500 to 7,000 in 2026, which is higher than the company's guideline of 5,000. It is estimated that same-store sales will grow steadily in the first half of the year, revenue will increase 55% year-on-year, and the target price will increase by 3.5% to HK$592, maintaining a “outperforming the market” rating.

Changjiang Securities pointed out that looking forward to the future, the company's growth momentum is clear. In terms of scale, the industry's store ceiling has not yet been reached. Based on a single store covering 16,000 people and a market share of about 45%, the company's store ceiling can be close to 40,000, and the third-tier city and county markets are still the core source of growth. In terms of efficiency, the company will continue to strengthen warehousing, logistics and product development capabilities through supply chain restructuring, scale effects, and IPO fund-raising to optimize procurement costs and increase profit margins.

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