Dine‑in at the top of agenda

研报英文原文证据摘录

Dine‑in at the top of agenda

t fully paid ordinary weighted average number of

in 12 months Note: expected return is reflective of a Medium Volatility shares

Valuation – The company's estimated stock and should be assumed to adjust proportionately

All Reported numbers for Australian/NZ listed stocks are fair value share price based on the disclosed with volatility risk

modelled under IFRS (International Financial Reporting valuation methodology

Standards). Note: Quant recommendations may differ

from Fundamental Analyst recommendations

Recommendation proportions for quarter ending 31 Mar 2026

AU/NZ Asia USA

Outperform 66.90% 69.32% 67.14% (for global coverage by Macquarie, 1.93% of stocks followed are investment banking clients)

Neutral 27.18% 17.21% 32.86% (for global coverage by Macquarie, 0.40% of stocks followed are investment banking clients)

Underperform 5.92% 13.47% 0.00% (for global coverage by Macquarie, 0.00% of stocks followed are investment banking clients)

Company-Specific Disclosures

Company Name Disclosure

Guming (1364 HK) Macquarie Capital Limited makes a market in the securities of Guming Holdings Ltd.

Outperform

12-month target: HK$32.00 - PER

Valuation: HKD 32.00 - PER

Price: HK$23.24

MIXUE Group (2097 HK) Macquarie Capital Securities (Malaysia) Sdn Bhd makes a market in the securities of MIXUE Group.

Underperform Macquarie Capital Limited makes a market in the securities of MIXUE Group.

12-month target:HK$263.00 - PER

Valuation: HKD 263.00 - PER

Price:HK$266.80

Chagee (CHA US) None

Neutral

12-month target:USD9.30 - PER

Valuation: USD 9.30 - PER

Price:USD9.84

Target Price Risk Disclosures

Company Name Risk Disclosure

Intensifying competition, particularly in lower-tier cities, where competitors are aggressively pursuing market share.