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<Research>Citi Raises GREEN TEA GROUP (06831.HK) TP to HKD11.1, Reiterates Buy Rating
Mid-sized Chinese chain restaurants in Mainland China were expected to benefit from the price war on delivery platforms, Citi Research's report indicated. The target price for ...
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<Research>Citi Raises GREEN TEA GROUP (06831.HK) TP to HKD11.1, Reiterates Buy Rating
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Mid-sized Chinese chain restaurants in Mainland China were expected to benefit from the price war on delivery platforms, Citi Research's report indicated. The target price for GREEN TEA GROUP (06831.HK)  +0.100 (+1.087%)   was raised from HKD9.4 to HKD11.1, with a Buy/ High Risk rating being kept.

GREEN TEA GROUP, unlike listed hotpot and Western fast-food chains, is helped by its innovative dishes, widely accepted pricing, and warm brand image, which aid in the rapid payback of new stores and accelerate net profit growth by 2025.

It was expected that the net profit of the company will increase by 29% and 26% in 2025 and 2026, respectively, with revenue growth of 19% and 21%, driven by 150 and 200 net openings.
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