The Zhitong Finance App learned that Gu Ming (01,364) rose more than 3% in the morning. As of press release, it had risen 3.02% to HK$23.86, with a turnover of HK$51.5961 million.

According to the news, Yamato released a research report saying that after reviewing the National Day Golden Week data in September and early October, the bank continued to be optimistic about ancient food in the Chinese restaurant sector. Yamato quoted channel data as pointing out that Gu Ming may have recorded a year-on-year high single-digit increase in total product transaction value (GMV) from October 1 to 7, 2026, faster than the mid-single-digit increase in September, and continue to outperform the current tea industry.

Lyon previously pointed out that Gu Ming's revenue for the first half of 2026 increased by 31.9% year on year, and adjusted net profit increased by 44.4%. Despite the slowdown in store opening, the average daily GMV of a single store rose by 3.4%, mainly driven by the coffee and breakfast business, which offset the decline in takeout subsidies. The bank is optimistic that coffee, roasting and HPP products will bring further room for growth, and the improved economic efficiency of franchisees is also expected to support faster store opening in 2027. Lyon raised the company's 2026-2028 adjusted net profit forecast by 3%.

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