$Chagee Holdings Limited(CHA)$ Chagee's fundamentals in terms of its successful expansion efforts and financials justifies the ratings given. As I have been saying since the start. Hold for 1-2 years!
$Chagee Holdings Limited(CHA)$ "(Citigroup) set a "buy" rating and a $43.70 price target on the stock. Citigroup's price objective indicates a potential upside of 43.47% from the stock's current price."
$Chagee Holdings Limited(CHA)$ KUALA LUMPUR: Magma Group Bhd, via its wholly-owned subsidiary Magma Chain Management Sdn Bhd (MCM), is setting up a joint venture company (JVC) with beverage retailer Chagee (M) Sdn Bhd to operate and grow the Chagee business in Malaysia. The JVC aims to establish up to 300 directly managed Chagee outlets in Malaysia within three years, to be progressively rolled out in phases.
$Chagee Holdings Limited(CHA)$ Chagee expansion efforts went visible the past few days. With the opening of its first outlet in US. An just announced opening of 10 outlets in malaysia. Stock price might not reflect it but the company's performance and fundamentals means that it is very cheap at its current price.
$Chagee Holdings Limited(CHA)$ Chagee's opening in LA last weekend was met with huge support. This sets ground for heavy expansion in the US. Eugene Lee (previous international Chief Marketing Officer for Mcdonald's) have joined Chagee as well. Quality product, strong team and warm welcome by customers outside of the region. I am expecting rapid growth within the next 2 years. This is a stock to hold.
$Chagee Holdings Limited(CHA)$ With the addition of Eugene Lee, previous CMO of Mcdonalds. The entry into US market, with the opening of the LA outlet. The company's performance in the previous financial year. Its idea of being a 'starbucks for tea'. All of this justified the green tick on CHAGEE's stock price yesterday. And this will continue when the company performance and value is compared to its peers and the Starbucks.
$Chagee Holdings Limited(CHA)$ CHAGEE acquired Eugene Lee (Previous international Chief Marketing Officer (CMO) for Mcdonald's with a total of 15 years of experience in Mcdonald's) as its CMO for the Asia Pacific(APAC) region! With that, the plan for regional/global expansion now have an addition of a strong leader!