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<Research> CLSA Raises Chagee Holdings Limited (CHA.US) TP to USD11; Top Picks Luckin Coffee Inc. (LKNCY.US) and GUMING (01364.HK)
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CLSA said in a research report that GUMING (01364.HK) and Chagee Holdings Limited (CHA.US) are following the strategy of MIXUE GROUP (02097.HK) in selling ice cream, which helps ease pressure on same-store sales growth while boosting in-store consumption. However, the firms need to consider cost implications when expanding, as they must limit in-store staffing levels and shop size. The broker believes that Luckin Coffee Inc. (LKNCY.US)'s retail expansion in collaboration with Italian coffee brand Lavazza represents a more sustainable growth strategy. Its industry top picks are Luckin Coffee Inc. and GUMING, both rated Outperform, with target prices of USD42 and HKD29, respectively. In addition, the broker noted that as Chagee Holdings Limited accelerates the opening of self-operated stores, it raised its net profit forecasts for 2026 to 2028 by 8% to 17%. The target price was lifted from USD10 to USD11, with the rating maintained at Hold. (sl/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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