CHA will report Q3 earnings on Nov. 28 before market opens. Expected earnings are 40 cents per share on $458.31 million revenue. Analysts anticipate mixed performance following previous quarter results. JP Morgan analyst gives CHA an Underweight rating with a $14.20 price target. Macquarie analyst rates CHA Neutral with a higher price target of $19.
Chagee reported 10.5% revenue increase in Q2, reaching 3.33 billion yuan. The first U.S. store opened in Los Angeles amid market expansion plans. Competition in China resulted in flat growth for adjusted profit. GMV increased by 15.5%, with strong overseas growth of 77%. Chagee's net income margin dropped to 18.9% from 20.8% year-on-year.
U.S. Commerce Department targets China Telecom for potential data exploitation. Concerns over security could impact China's telecom operations in the U.S.
- Biden administration investigating China Mobile, China Telecom, China Unicom over data security concerns. - Concerns that firms could exploit access to American data through their U.S. businesses. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Legal