MIXUE GROUP (02097.HK)  +5.000 (+1.049%)   , a semi-new stock under limelight, started 3.76% higher this morning and briefly touched a record high of HKD448 before facing selling pressure. The stock last posted at HKD404, down 3.95%, with a turnover of HKD476 million.

Soochow Securities initiated coverage on MIXUE GROUP, setting a target price of HKD509 and assigning a Buy rating. The broker highlighted MIXUE GROUP’s core strengths in brand momentum and its dominance in the affordable freshly made beverage market, noting its promising overseas expansion potential.

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The broker drew comparisons between MIXUE GROUP and recently listed powerful brands like MAO GEPING (01318.HK)  +1.700 (+1.667%)   and LAOPU GOLD (06181.HK)  +1.000 (+0.143%)    Short selling $103.54M; Ratio 20.360%   , suggesting MIXUE GROUP could command a valuation premium.

Meanwhile, MAO GEPING, a domestic cosmetics brand recently added to the Southbound Stock Connect, swelled as much as 13.1% this morning, hitting a peak of HKD118. It last stood at HKD108.3, up 3.84%, with a turnover of HKD423 million.

Elsewhere, LAOPU GOLD, known for traditional craftsmanship in gold products, elevated as much as 15.1% earlier today, reaching a record high of HKD798 before paring gains. The stock last printed at HKD706, up 1.88%, with a turnover of HKD672 million.

Earlier this month, Morgan Stanley had initiated coverage on LAOPU GOLD, assigning an Equal-Weight rating and a target price of HKD555.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-09 16:25.)