According to the stock disclosure information of the Hong Kong Stock Exchange, independent stock analyst David Webb increased his shareholding in Ming Fai Int'l (03828.HK) by 431,000 shares on the 11th of this month, with an average price of HKD 0.703 per share, involving HKD 303,000 of capital, and the shareholding percentage increased from 15.99% to 16.05%. In supplementary information in the disclosure document, David Webb wrote, "This is not just a rubbish business."

Ming Fai's main business is supplying sanitation products to hotels. The stock opened high today with a 1.43% increase, with the highest price reaching HKD 0.74 and an increase of 5.71% at one point. It closed at HKD 0.71 at noon with an increase of 1.43%, with a total trading volume of 2.18 million shares and a capital involvement of HKD 156.16 million.

When David Webb increased his shareholding in Biostime (01397.HK) on May 31, he also wrote the same sentence in the disclosure document, "This is not just a rubbish business." His shareholding in Biostime increased from 5.96% to 6% at the time.