HK Stock Market Move | BUSYMING(01768) surges by over 9% again, institutions point out that there are still 40,000 long-term snack retailers with the potential to open more stores.

BUSYMING (01768) continues to rise by more than 9%, as of the time of writing, it has risen by 7.65% to HK$433.4, with a trading volume of HK$1.1 billion. On the news front, on April 17th, BUSYMING's new immersive snack experience space - Snack Kingdom, officially opened at Furong Square in Changsha, Hunan. With its "super variety of snacks, super large area", Snack Kingdom was awarded the Guinness World Record for "the world's largest snack store". In addition, as a member of the BUSYMING group, Snack Kingdom also issued a "Global Product Recruitment Order" at the opening ceremony, officially opening long-term cooperation with food manufacturers and brands from around the world. Zhongtai released a research report stating that, benchmarking against Hunan, considering core variables such as urbanization level, population density, climate characteristics, and economic foundation, there is still a potential space for over 40,000 outlets in the snack retail industry. Under neutral expectations, taking into account format substitution and channel conversion, Zhongtai expects convenience stores and supermarkets to still contribute nearly 40,000 potential store openings for the snack retail industry.