Aunty Shanghai's stock rose for seven consecutive sessions, surging 10% at one point during the trading day. The cumulative increase in share price this month has reached approximately 120%. As of the latest report, the stock was up 7.77%, trading at HKD 159.5, with a turnover exceeding HKD 90 million.
In terms of market updates, Hu Shang Ayi recently announced that the controlling shareholder group has extended the lock-up period by an additional six months until November 7, 2026, while other pre-IPO shareholders have extended theirs by three months until August 7, 2026. The announcement stated that the extension of the lock-up period reflects these shareholders' confidence in the company's future prospects and long-term value. Further extensions based on business development are not ruled out.
Data shows that as of the fourth quarter last year, the total number of stores reached 11,449, representing a year-on-year increase of 24.8%. Among these, 2,749 new stores were opened in the second half of the year, accounting for more than 75% of the total new openings for the year. Galaxy Securities believes that due to Hu Shang Ayi’s mature store model and its alignment with the growing demands of its franchisee base, the firm expects the company to maintain steady and rapid expansion in its store network through 2026.
Editor/Jayden