$Cha Time (CHA) - Other ready-to-drink tea companies are trading at 30-40 times PE, but this one is still at just over 10 times... In the first quarter, GMV increased by 40% year-over-year, although same-store GMV declined, it’s still at a very high level. With the increased density of stores, customer traffic will inevitably be diverted among each outlet. However, Cha Time is still expanding new stores, and its globalization has just begun. The overseas market is not as competitive as the domestic one, so there is a huge market potential. It is also testing new brands like "Second Cup Tea." I believe its growth potential is at least 2-3 times. In the next 3-5 years, it is very realistic to achieve annual profits of $500 million to $1 billion.

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