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<Research> Citi Initiates BUSYMING (01768.HK) with Buy, TP HKD439.6
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Citi published a research report stating that it has initiated coverage on BUSYMING (01768.HK) with a Buy rating and a target price of HKD439.6. The broker noted that BUSYMING has substantial room for sales outlet expansion, and the company is increasingly being regarded by major Chinese food and beverage brands as an emerging sales channel. It expects the company’s gross merchandise value to record strong growth over FY2026-FY2028. The broker added that, driven by revenue growth and gross margin expansion, BUSYMING’s adjusted net profit is forecast to grow YoY by 47%, 19% and 15% in 2026, 2027 and 2028, respectively. (sl/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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