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.Related NewsUBS: CN Consumption to Maintain 'K-Shaped' Recovery This Yr; Mkt Still Underestimates Reflation Potential; Sector Top Picks ListedIn 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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