Huachuang Securities: Initiates Gu Ming (01364) with a "buy" rating and a target price of HK$27.84.

According to the Wisdom Financial APP, Huachuang Securities released a research report stating that Guming (01364) is the leading domestic mid-range tea drink, and is expected to achieve stable performance growth in the future with the penetration of new product categories, expansion of store coverage, and reduction of raw material costs. The bank predicts that the company will achieve operating income of 11.59/134.19/158.18 billion yuan in 2025-2027, with year-on-year growth rates of 26.9%/20.3%/17.9%; net profit attributable to the mother will be 24.87/26.25/31.55 billion yuan, with year-on-year growth rates of 68.2%/5.5%/20.2%, with a target price of 27.84 Hong Kong dollars, and the company is initiated with a "recommend" rating, seeing its growth potential as a leader in the ready-to-drink tea industry.