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Bubble Tea Firm Mixue Surges After IPO, Making Founders Richer Than Starbucks Ex-CEO Schultz
https://m.youtube.com/watch?v=IKT_nuR9DKQ

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<Research>Soochow Securities Initiates MIXUE GROUP (02097.HK) at Buy with $509 TP

Soochow Securities released a research report highlighting MIXUE GROUP (02097.HK) as a leader in the affordable freshly made beverage sector.

The company has built a core competitive edge through its end-to-end self-developed supply chain system, while its IP-driven brand marketing has solidified its brand presence.

Additionally, MIXUE GROUP leverages a franchise model to penetrate lower-tier markets and pursue international expansion, reinforcing its dominant position in the industry.

The broker forecast MIXUE GROUP’s net profit attributable to shareholders for FY2024-26 at RMB4.38 billion, RMB5.12 billion, and RMB5.94 billion, respectively, corresponding to P/E of 28x, 24x, and 21x.

Soochow Securities emphasized that MIXUE GROUP’s key strengths lie in its brand momentum and dominance in the affordable beverage market, with its overseas expansion showing promising potential.

Drawing comparisons to recently listed powerful brands such as MAO GEPING (01318.HK) and LAOPU GOLD (06181.HK) Short selling $3.94M; Ratio 1.006% , the broker considered MIXUE GROUP could command a valuation premium, targeting a P/E of 30x for FY2026.

In its first coverage of MIXUE GROUP, Soochow Securities set a target price of HKD509 and assigned a Buy rating to the stock.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

Shocking food safety crisis?!
China's "Mixue Bingcheng" was listed on the Hong Kong stock market just two weeks ago and was revealed to use "overnight lemon slices" to make drinks

驚爆食安危機?! 中國"蜜雪冰城"才在港股上市短短兩週 遭揭用"隔夜檸檬片"製作飲料│國際焦點20250319│三立新聞台

https://m.youtube.com/watch?v=NxLZo1oboLQ

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Mixue's earnings growth slows

by Themis Qi

Mixue Group's (2097) net profit increased by 39.8 percent to 4.45 billion yuan (HK$4.76 billion) last year, slowing from one year ago amid the intensified competition in the freshly-made drinks market.

The growth of earnings from 2022 to 2023 was 58.3 percent in 2023, when the giant stood out with its 3-yuan ice cream and 7-yuan lemonade and its supply chain-driven business model.

Last year's revenue grew 22.3 percent year-on-year to 24.8 billion yuan but the pace also decelerates from 2023's 49.59 percent.

Through a franchise model, Mixue built up a network of 46,462 stores in China and 11 overseas countries as of December 31, 2024, up by 23.8 percent from one year ago. Notably, 1,609 franchised stores closed last year, 23 percent higher than in 2023.

Source: The Standard

https://www.thestandard.com.hk/section- ... owth-slows

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<Research>Daiwa Elevates MIXUE GROUP (02097.HK) TP to $608, Rating Outperform

2025/05/28

Daiwa reiterated rating at Outperform for MIXUE GROUP (02097.HK) and elevated its target price from $539 to $608 to reflect higher same-store sales growth forecasts due to the latest competition among food delivery platforms and faster store opening pace YTD.

The broker also lifted its EPS forecasts by 5-6%.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

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MIXUE GROUP: Guolian Minsheng Initiates Buy Rating

2025/04/23

A research report by Guolian Minsheng forecast Mixue Group’s revenue for 2025-27 at RMB29.445 billion, RMB33.774 billion and RMB38.048 billion, reflecting YoY growth of 18.59%, 14.7% and 12.66%, respectively.

Net profit was projected at RMB5.145 billion, RMB6.058 billion and RMB6.911 billion, with YoY hikes of 15.97%, 17.74% and 14.08%, corresponding to a three-year CAGR of 15.92%.

EPS estimates were RMB13.55, RMB15.96 and RMB18.20 for the respective years.

Citing Mixue’s robust supply chain and brand strength, which are expected to drive further domestic expansion, along with growth potential from its coffee segment and overseas layout, the report assigned a 2025 PE of 35x.

It initiated coverage on MIXUE GROUP with a Buy rating and a target price of HKD504.5.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

<Research>UBS Downgrades MIXUE GROUP (02097.HK) to Sell as Valuation Higher than New Consumers in CN

The valuation of MIXUE GROUP (02097.HK) was too high, UBS released a research report saying.

The stock's current price is equivalent to the projected 2025/ 2026 PE ratio of 43x/ 36x, equivalent to the dynamic PE ratio of 2.2x (compared to the dynamic PE ratio of Chinese new consumers of 1.9x).

Coupled with a slower-than-expected pace of overseas recovery, the broker downgraded MIXUE GROUP from Neutral to Sell, and slashed its target price from $435.59 to $477.13, equivalent to the predicted 2025/ 2026 PE ratio of 33x/ 28x, or a dynamic PE ratio of 1.7x.

The Group's domestic business maintained its strong growth momentum, benefiting from its strong supply chain capabilities, value proposition and robust franchise model, UBS added.

However, its overseas business suffered setbacks due to rising competitions.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

<Research>BofAS Downgrades MIXUE GROUP to Underperform; Fundamentals May Not Support Current Valuation

MIXUE GROUP (02097.HK) has hit another new high recently, BofA Securities released a research report noting.

The company's share price has already snowballed by about 1.8 times since its listing in early March.

While MIXUE GROUP is the largest and most outstanding freshly made tea beverage brand in China, BofA Securities believed that its fundamentals might not be able to support its current valuation.

The recent rally has been driven by capital inflows, but much of the good news has already been priced in.

The broker emphasized that capital flows couldn't support the share price forever.

Related News: UBS Downgrades MIXUE GROUP (02097.HK) to Sell as Valuation Higher than New Consumers in CN

In addition, there is still debate over whether MIXUE GROUP truly belongs in the "new consumption" sector.

BofA Securities noted that the upside potential of the company's EPS is likely far lower than that of IP companies like POP MART (09992.HK).

The broker downgraded MIXUE GROUP's rating from Neutral to Underperform but raised its target price from HKD400 to HKD465.

Source; AAStocks Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news

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<Research>CCBI Initiates Coverage on MIXUE GROUP (02097.HK) w/ TP $620.5

CCBI issued a research report initiating coverage on MIXUE GROUP (02097.HK) with rating at Outperform and a target price of $620.5.

Against the backdrop of growing demand for quality products with high cost performance, especially under macroeconomic uncertainty, the broker believed that MIXUE GROUP's dominant position in the high-growth mass market will enable it to maintain sustainable growth.

Related News: UBS Downgrades MIXUE GROUP (02097.HK) to Sell as Valuation Higher than New Consumers in CN

MIXUE GROUP's remarkable success is rooted in its strategic leadership in the fast-growing mass market segment within China's freshly-made drinks market, according to the report.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN