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BUSYMING Mushrooms 8%+ as Macquarie Says Subsidy Concerns Overdone
BUSYMING (01768.HK) once peaked at HKD367.6 today (1st). It last posted at HKD359.8, up 8.24%, with a turnover of 289,900 shares, involving HKD103 million.Macquarie noted that BUSY...
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BUSYMING Mushrooms 8%+ as Macquarie Says Subsidy Concerns Overdone
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BUSYMING (01768.HK)  0.000 (0.000%)    Short selling $56.32M; Ratio 39.151%   once peaked at HKD367.6 today (1st). It last posted at HKD359.8, up 8.24%, with a turnover of 289,900 shares, involving HKD103 million.

Macquarie noted that BUSYMING's share price slumped by more than 20% last week over market concerns that the company and competitor WANCHEN GROUP (300972.SZ)  0.000 (0.000%)   recently introduced additional franchisee subsidies for new stores opened near competitors in certain regions. The broker believed such concerns are overdone, as subsidy policies have strict application standards and are much more prudent than in 2024.

Given that higher subsidies may slow the pace of margin expansion, Macquarie lowered its net profit forecasts for FY2026 and FY2027 by 3% each. The broker reduced its TP from HKD588 to HKD572, and reiterated its Outperform rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-02 16:25.) (A Shares quote is delayed for at least 15 mins.)

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