bullish

Luckin Coffee

[Luckin Coffee (LKNCY US, BUY, TP US$41) TP Change]: Weak Earnings Could Be Temporary…Reiterate BUY

783 Views27 Feb 2024 16:16
​Luckin's 4Q23 revenue and non-GAAP NI were in-line, but declined due to winter subsidies, rental costs, and operating expenditures. Despite temporary NPM decline, outlook for improvement in 1H24.
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Blue Lotus Research Institute
China growth and global non-US Internet equities
Hong KongInformation Technology & Consumer DiscretionaryEquity Bottom-UpThematic (Sector/Industry)
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