Xin Lang Cai Jing·2026-01-13 06:33Core Viewpoint - Luckin Coffee is favored by China Galaxy International due to its overseas expansion plans and resilient market share, with expectations of over 23% growth in total merchandise transaction volume from 2026 to 2028 [1] Group 1: Company Analysis - Analysts highlight that rising coffee bean prices are tightening cash flow, putting pressure on smaller competitors in the ready-to-drink beverage industry [1] - Luckin Coffee is expected to benefit from the industry's expansion in Southeast Asia [1] - A potential acquisition of a high-end brand is deemed crucial for Luckin Coffee to solidify its brand and enter more mature overseas coffee markets [1] Group 2: Market Performance - China Galaxy International initiates coverage on Luckin Coffee, assigning a "Buy" rating with a target price of $52.00 [1] - The company's American Depositary Shares closed up 1.2% at $33.52 [1]