$Chagee Holdings Limited(CHA)$ , one of China's fastest-growing tea beverage chains, is officially going public this week — and its IPO is drawing serious attention from both retail and institutional investors.Chagee Joins $333 Billion Market Boom with US IPO Filing - The Exchange AsiaIPO DetailsIssue Price: US$26-28Total Fundraising: ~US$410 millionImplied Valuation: ~US$5.1 billion (≈HK$39.6B)At the IPO price, Chagee’s estimated market cap of US$5.1 billion puts it close to Guming. Compared to Mixue, it makes 50% of the revenue, but only has 25% of the valuation.Chagee’s revenue (CNY ¥12.41B) is roughly 50% of Mixue’s.Its net profit (CNY ¥2.52B) is 56% of Mixue’s and 1.68× Guming’s.By earnings power alone, Chagee appears undervalued. Its profitab

Following the announcement of US tariff policies, many countries began considering retaliatory countermeasures.With the US imposing a 10% tariff on Singapore, despite free trade agreement and a trade deficit with the US, Prime Minister Lawrence Wong has made it clear:No Retaliatory Tariffs, Strengthening Partnerships with Like-minded CountriesHe said, “The world is entering a more arbitrary, protectionist, and dangerous phase.”What Do US tariffs Mean for Singapore Markets?As for the short-term impact of tariffs, Singapore expects weaker global growth, which will reduce external demand for its goods and services.Outward-facing sectors like manufacturing, wholesale trade, transport, and finance will be hit first.While it's unclear if a recession will occur, economic growth will certainly tak

According to the 2023 Big Mac Index derived data, the hourly wage in Singapore's food service industry (median of 12.3 SGD) can purchase 1.8 Big Macs (priced at 6.8 SGD), which is 23-35% lower than Hong Kong (2.56 Big Macs), Tokyo (2.18 Big Macs).The Big Mac Index, introduced by The Economist in 1986, has become a globally recognized informal economic indicator used to understand the consumption levels of different countries.In Australia, hourly wages for workers in food and retail chains can buy 3.95 Big Macs, while in the UK and Hong Kong, it can buy 2.56 Big Macs, in the US 2.5 Big Macs, in Singapore about 1.8 Big Macs, and in South Korea 1.78 Big Macs.In China's food service industry, the starting hourly wage is only around 15 RMB, while a Big Mac costs 25 RMB. In China, working at cha