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Hong Kong stock movement | Gu Ming (01364) rises over 5% again, stock price hits a new high since listing, total market value exceeds 50 billion Hong Kong dollars.
Gu Ming (01364) rose over 5% again, reaching a new high of 22 Hong Kong dollars since its listing. As of the time of writing, it increased by 5.21%, reported at 21.2 Hong Kong dollars, with a transaction amount of 48.9445 million Hong Kong dollars and a total market value surpassing 50 billion Hong Kong dollars.
Market Activity Report | Gu Ming has risen over 10%, with a cumulative increase of nearly 97% this year. Recently, the co-branded activity package has become extremely popular, and Institutions are Bullish on the company's development potential.
According to a previous Research Report from UBS Group, it is predicted that Gu Ming can enhance profitability through targeted expansion of its store network and the launch of new products, driving an average annual compound growth rate of revenue to reach 19% between 2025 and 2027. CICC anticipates that the company's unique regional encryption and strong supply chain capabilities will lead to high performance growth through continued store openings in the future.
HAITONG INT'L: Initial rating for Gu Ming (01364) is "Outperform the Market" with a Target Price of HK$24.2.
The company stated that although its store layout is regionalized, the existing stores maintain very high quality. In 2023, the annual operating profit of franchise stores reached 0.376 million yuan, with an operating profit margin of 20.2%, which is 1.5-2.0 times the industry average.
Hong Kong stocks are moving | Dining stocks are generally rising, Little Garden (00999) up over 10%, Mixue Group (02097) up over 7% reaching a new high.
Dining stocks generally rose, as of the time of writing, Little Garden (00999) increased by 10.08% to 10.16 HKD; Gu Ming (01364) increased by 7.44% to 18.2 HKD; Mi Xue Group (02097) increased by 7.23% to 471.4 HKD.
[Brokerage Focus] SWHY initially issued a Buy rating for GuMing (01364), Bullish on its product innovation ability, indicating that its Shareholder returns are attractive.
Jinwu Financial News | SWHY Research Reports indicate that Gu Ming (01364) was established in 2010. According to the sales volume and store count for 2023, it is the number one brand of fast-made tea beverage stores in China and the second largest in the country. By the end of 2024, there will be 9,914 stores of Gu Ming, with franchised stores contributing 97% of revenues. 80% of the company's stores are located in second-tier cities and below, and 41% of the stores are in towns, with particularly significant influence in lower-tier cities and towns. The firm is Bullish on Gu Ming's product innovation capabilities, based on regional densification strategy's supply chain efficiency.
JD.com Takeout has launched a 10 billion subsidy, investing over 10 billion within a year.
Sina Technology reported on April 10 that JD.com's food delivery service announced that it will officially launch a subsidy of 10 billion yuan at 8 AM on April 11. JD.com will invest over 10 billion yuan within a year through a dual mechanism of "Q&M Dental subsidies + direct price reductions on hot products" to provide real discounts for consumers. At the same time, it will work with merchants to achieve long-term benefits and help quality Dining businesses continuously improve their Operation efficiency. In the future, the platform will continue to introduce a series of subsidy measures and merchant support policies. Starting from April 11, JD.com will distribute subsidies of up to 20 yuan to all users, with daily draws available, covering all Dining outlets on the JD.com food delivery platform.
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