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MIXUE GROUP Ebbs 4% after Peaking; MAO GEPING, LAOPU GOLD Soar 10%+ before Narrowing Gains
Recommend 22 Positive 34 Negative 23 |
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MIXUE GROUP (02097.HK), 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. The broker drew comparisons between MIXUE GROUP and recently listed powerful brands like MAO GEPING (01318.HK) and LAOPU GOLD (06181.HK), 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. AAStocks Financial News |
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