This stock has plunged so low that it is almost impossible to go even lower already ! With the restaurants business reopening in main Tier 1 cities like Shanghai and Beijing, I expect the returns of the customers to boost its revenue greatly.
Plan to nibble some later.
Plan to nibble some later.
Note
the results are out and i am watching this stock for dividend play, At 7% it is pretty good but am concerned about its next phase of growth. It is going towards franchising as it has probably max out the number of outlets in China , with 1300 and counting....Franchising could be a good revenue stream as it leverage on its branding, system and supplies and risks is almost nil as they have the economic of scale to prove to potential franchisees that it works. Let's wait a while more.......
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.