Post #65373

🚀 Daiwa Raises Gu Ming's Target Price to HKD 36 On April 13, according to Jin10, Daiwa released a research report raising the target price of Gu Ming (01364.HK) from HKD 35 to HKD 36, maintaining a 'buy' rating. This corresponds to a forecasted price-to-earnings ratio of 22 times for 2026. Daiwa noted that Gu Ming's takeaway proportion has decreased from a peak of 60% in the third quarter of last year to below 50%. The management expects this trend to continue, aiming to improve franchisee profitability through initiatives such as dine-in promotions, extending morning business hours, and increasing coffee sales. The firm has also raised its earnings per share forecast for Gu Ming from 2026 to 2028 by 6% to 12%. #Daiwa#GuMing#TargetPrice#HKD36#BuyRating#FranchiseeProfitability#EarningsForecast#TakeawayProportion#CoffeeSales#MorningBusinessHours