user
koolgal
04-16
🌟🌟🌟Chagee $Chagee Holdings Limited(CHA)$ is set to brave bearish market conditions as it seeks to raise about USD 400 million in its IPO debut this week.


Compared to its competitor $MIXUEGROUP(02097)$ Chagee offers a more premium experience with higher quality ingredients and a wide range of healthier choice.

Mixue's focus is on affordability and accessibility.   Can Chagee's IPO match the extraordinary success of Mixue's IPO in Hong Kong?  Mixue's share price has surged over 80% since its IPO in February this year.

Chagee's business in China is doing very well.  It has 6,440 tea houses, 97% of which are in China at the end of 2024.  This is up 83% compared to 2023.  Net  Revenues rose 167.4% year on year to just under USD 1.7 billion.  Net income rose to USD 344 million.

Chagee has expanded its outlets in South East Asia with stores in Singapore, Malaysia and Thailand as well as Hong Kong and Indonesia.  Chagee has an ambitious goal to have its presence in 100 countries and aims to sell 15 Billion cups a year.  It now operates 4500 stores globally.

From its humble beginnings in the Yunnan province, it is amazing how Chagee has grown so rapidly.  Its signature offering - the Jasmine Green Milk Tea is very popular with over 230 million servings sold annually.

I am keen to find out Chagee will fare at its IPO before deciding on whether to invest in this stock.  

@Tiger_SG  @Tiger_comments  @TigerStars  @CaptainTiger  @TigerClub 


Modified in.04-16
Chagee Soars on Debut: Take Profits or Hold on Tight?
Chagee went public and surged 15% on Thursday. However, the stock closed lower than its open price. ------------ Can Chagee replicate the surge of Mixue group? Or repeat the down trend like Nayuki? Is the market expectations too high to fulfill? What's your target price for Chagee?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • BurnellStella
    04-17
    BurnellStella
    Exciting prospects
    • koolgal
      Best of luck πŸ€πŸ€πŸ€
    • koolgal
      Have a fabulous long weekend πŸ–οΈπŸ–οΈπŸ–οΈ
    • koolgal
      Chagee is all about tea drinking - the marriage of traditional tea with a modern tilt.
    • koolgal
      Yes it is 😍😍😍
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