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<Research>Citi Initiates Buy Rating on GREEN TEA GROUP with TP HKD9.4
As one of GREEN TEA GROUP (06831.HK)'s joint sponsors, Citi has issued a research report on this company.GREEN TEA GROUP is a high-growth casual Chinese restaurant operator. De...
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<Research>Citi Initiates Buy Rating on GREEN TEA GROUP with TP HKD9.4
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As one of GREEN TEA GROUP (06831.HK)  +0.370 (+5.531%)   's joint sponsors, Citi has issued a research report on this company.

GREEN TEA GROUP is a high-growth casual Chinese restaurant operator. Despite its short financial history, its innovative products (Chinese fusion cuisine), reasonable pricing, and brand image help new stores quickly achieve breakeven (almost all of its new restaurants plan to achieve initial breakeven within 1-4 months), which should drive accelerated growth in net profit expected for 2025 (the rapid opening of new stores has minimal impact on operating profit margins).

Citi gave GREEN TEA GROUP a Buy rating for the first time with a target price of HKD9.4.
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