$Chagee Holdings (CHA.US)$ My projection: (a) Unexpected dividend led to short-covering. Don’t think there was much fresh investors (b) Institutional analysts take a day or two to issue reports. Given the poor results, they have to lower their forecast. They will highlight the dividend is one-off. Some will even be negative on the dividend, citing the money should used to be open more overseas store. A dividend payout so soon after IPO may lead to suspicion that major...

$Chagee Holdings (CHA.US)$ Net margins forecasted to be high teens while other operators like Luckin, Starbucks, Dutch Bros are operating at single digit margins. $10/share here we go…