Chagee transferred 244 franchise stores to directly operated stores in one go yesterday.
$Chagee Holdings (CHA.US)$ Let me share some news with everyone.
Chagee has launched a new model in China, planning to convert 1,000 franchise stores into directly operated ones. In the future, all stores are planned to be converted to direct operation. If successful, it will become the largest beverage chain in China. Yesterday, the first batch of over 200 stores in Shanghai were successfully converted. With just a bit more patience, a Starbucks for tea beverages may not be impossible, and next year's revenue is sure to skyrocket.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
捕影修罗 : Why the sudden shift in the business model?
MrYuan OP 捕影修罗 : Starbucks is also fully operated through company-owned stores.
MrYuan OP : A conservative estimate suggests there are nearly 2 million shares still untraded. With a dividend of 0.92, the price should stabilize at 15.4. As long as everyone holds and doesn’t sell, staying united, reaching 18 + 0.92 is achievable. Retail investors are often frightened by bearish sentiment.