Chagee (霸王茶姬) Pre-IPO: Very Few Exact Competitors - A Viewpoint on the Ground
Chagee is the No. 6 largest teahouse chain in China according to store number. Very few teahouses have a per customer transaction higher than Chagee.
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KE (BEKE US, 2423 HK): 2024 Result, Accelerating Quarter by Quarter, Upside Above 100%
Exhibiting home revenue recovered significantly in 4Q24, while new home revenue recovered from 3Q24. The growth rate of active stores and active...
264 Views
Kuaishou (1024 HK): FY2024 Result, Op Margin to 10% from 4%, Price to Be Double
The operating margin improved to 10% in 2024 versus 4% in 2023. Online marketing revenue increased by 20% and GMV increased by 17% in 2024. We...
334 Views
BYD (1211): Encouraging 2024 Result, But Close to Our Target After Two Buy Suggestions This Year.
We believe the stock’s upside is very limited after two buy rating this year. In 2024, total revenue grew by 29%. The gross margin of automobile...
295 Views
Meituan (3690 HK): 4Q24, High Growth and Higher Margin, 60% Upside
In 4Q24, Meituan’s revenue growth rate was 20% YoY with all businesses rising. The operating margin improved to 8.8% in 4Q24 versus about zero in...
380 Views