The valuation of MIXUE GROUP (02097.HK) -31.500 (-5.546%) was too high, UBS released a research report saying. The stock's current price is equivalent to the projected 2025/ 2026 PE ratio of 43x/ 36x, equivalent to the dynamic PE ratio of 2.2x (compared to the dynamic PE ratio of Chinese new consumers of 1.9x). Coupled with a slower-than-expected pace of overseas recovery, the broker downgraded MIXUE GROUP from Neutral to Sell, and slashed its target price from $435.59 to $477.13, equivalent to the predicted 2025/ 2026 PE ratio of 33x/ 28x, or a dynamic PE ratio of 1.7x.Related NewsG Sachs Expects Freshly-Made Drinks Makers to Benefit from Delivery Platform Subsidy Program in CN, Raises TPs for MIXUE GROUP/ GUMINGThe Group's domestic business maintained its strong growth momentum, benefiting from its strong supply chain capabilities, value proposition and robust franchise model, UBS added. However, its overseas business suffered setbacks due to rising competitions.(HK stocks quote is delayed for at least 15 mins.)