China Galaxy: Ruixing Coffee's bullish outlook expects market share to grow from 2026 to 2028.

Luckin Coffee receives new rating by CICC International, with analyst Orlando Shi favoring its overseas expansion plan and resilient market share. He expects the total commodity trading amount to grow by over 23% between 2026 and 2028. He points out that the increase in coffee bean prices has tightened cash flow, putting pressure on smaller competitors in the instant beverage industry. Luckin Coffee may also benefit from the industry's expansion in Southeast Asia. He added: "We believe that potential mergers with high-end brands are crucial for Luckin Coffee to consolidate its brand and enter more mature overseas markets in the coffee culture." CICC International initiated coverage on China's largest coffee chain, giving it a hold rating with a target price of $52.00. Its American depositary receipts closed up 1.2% at $33.52.