HK Stock Market Move | AUNTEA JENNY(02589) rose by over 7% again, and the trend of domestic new tea beverage brands going overseas is rising. The company is currently entering the markets of Malaysia and the United States.

AUNTEA JENNY (02589) rose by more than 7%, reaching a 7.08% increase at the time of publication, to 102.8 Hong Kong dollars, with a turnover of 61.5799 million Hong Kong dollars. On the news front, recently, with NAYUKI opening stores in the United States, marking a new journey for the brand in the overseas market, and with NAYUKI laying out its presence in the U.S. market, the camp of Chinese new tea drink brands going abroad is growing stronger. Guotai Haitong points out that AUNTEA JENNY is implementing a "one body, two wings" strategy, with "one body" being the main brand "AUNTEA JENNY," estimated to have space for 18,000 stores domestically; "two wings" being "Tea Waterfall" and the overseas market, estimating that "Tea Waterfall" has space for over 5,000 stores domestically, and currently making inroads into Malaysia and the United States in the early stages of development, with great growth potential. In addition, the coffee business has undergone adjustment and upgrade, now integrated into the AUNTEA JENNY main brand, expected to contribute to single store growth.