Busy Ming Group Co., Ltd. Class H (1768) has received a new Buy rating, initiated by Goldman Sachs analyst, Leaf Liu.
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Leaf Liu has given his Buy rating due to a combination of factors that highlight Busy Ming’s strong growth prospects and solid fundamentals. He sees the company as a leading value-focused snack and beverage retailer in China with a rapidly scaling franchise network, a compelling price advantage versus traditional supermarkets, and attractive store-level returns that support continued expansion.
Leaf also underpins his rating with expectations of robust revenue and earnings growth, supported by rising market share, improving margins as higher-margin categories and private labels expand, and normalizing subsidies. He notes that further upside could come from faster store openings, upgrades to existing formats, and broader product offerings, while acknowledging execution and competitive risks that investors should monitor.
Liu covers the Consumer Defensive sector, focusing on stocks such as Yihai International Holding Ltd., Budweiser Brewing Co. APAC Ltd., and China Resources Beverage (Holdings) Company Limited. According to TipRanks, Liu has an average return of 1.9% and a 39.39% success rate on recommended stocks.
In another report released on March 4, UBS also initiated coverage with a Buy rating on the stock with a HK$500.00 price target.