BOCOM International has given BUSYMING a Buy rating due to its strong position in China's rapidly growing snack industry, which is undergoing restructuring. The company is expected to expand its store count significantly and gain market share, leading to a profitability upcycle. The forecast includes a revenue CAGR of about 18% and an adjusted net profit CAGR of about 23% from 2025 to 2028, indicating a shift towards profit realization as the mass-retail model matures.
