Changes in Hong Kong stocks | Chabaidao (02555) rose more than 8% in the afternoon, gross margin was higher than the industry average, and liquidity valuation both increased after opening

The Zhitong Finance App learned that Chabaidao (02555) rose more than 8% in the afternoon. As of press release, it had risen 8.45% to HK$10.52, with a turnover of HK$27.801,000.

Northeast Securities said that Chabaidao has an excellent online style of play, and takeout orders account for a high proportion. It is relatively balanced in terms of geographical distribution, but its low-tier share is significantly lower than that of other brands, which means that there is still plenty of room for encryption in the sinking market. Tea Baidao's product structure is relatively balanced. High-margin milk tea products account for a higher share of sales than peers, so the gross margin is 4 pcts higher than the industry average, and the net interest rate to mother is also the highest among the TOP4 players. In addition, the Chabaidao supply chain focuses on lightweight deployment and can be quickly rolled out to cover the whole country.

According to a previous research report by Cathay Pacific Junan, after being listed on the Hong Kong Stock Exchange in April, Cha Baidao was included in the Hang Seng Composite Index, Hang Seng Composite Large and Medium Cap Index, Hang Seng Large and Medium Cap (Investable) Index, Hang Seng Consumer Index, and Hang Seng Hong Kong Stock Connect Index in August. According to public information, Chabaidao was transferred to the Hong Kong Stock Exchange List under the Shenzhen-Hong Kong Stock Connect and the Shanghai-Hong Kong Stock Connect, which took effect on September 10. The market generally believes that after being included in the Hong Kong Stock Connect, Chabaidao is expected to attract more investors from mainland China, or increase liquidity and valuation levels.