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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)
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 ea...
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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)  +0.140 (+0.612%)    Short selling $40.32M; Ratio 39.040%   and Chagee Holdings Limited (CHA.US)      are following the strategy of MIXUE GROUP (02097.HK)  0.000 (0.000%)    Short selling $11.51M; Ratio 11.119%   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.

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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)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-05 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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