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Macquarie analyst Linda Huang upgrades Chagee Holdings (NASDAQ:CHA) from Neutral to Outperform.
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CHAGEE, a premium Modern Teahouse brand, has introduced two new fall seasonal offerings: Golden Chamomile, a caffeine-free fruit blend with peach and pineapple available in three formats, and Spiced Ceylon Black Tea Latte, a tea-forward beverage combining Ceylon black tea with honey, vanilla, and cinnamon. The launches reflect CHAGEE's strategy to reimagine familiar seasonal flavors through modern tea culture.
U.S. stocks were lower, with the Dow Jones index falling around 400 points on Monday. Shares of Ascendis Pharma A/S (NASDAQ:ASND) rose sharply on Monday. On Sunday, BioMarin Pharmaceutical Inc. (NASDAQ:BMRN)
Chagee Holdings Limited (NASDAQ: CHA) reported Q2 2026 results with net revenues increasing 2.5% to RMB3,414.6 million and GAAP net income rising significantly to RMB464.8 million from RMB77.2 million year-over-year. However, the company faced headwinds with Greater China GMV declining and same-store GMV growth remaining negative at -16.1%. The company expanded its teahouse network to 7,639 locations and authorized a US$150 million share repurchase program.