King's Wealth Newsletter | Chabaida (02555) continues to rise, as of the time of publication, it is up 10.34%, trading at 13.02 Hong Kong dollars, with a turnover of 5.83 million Hong Kong dollars. It is worth noting that since September 13, the stock has risen approximately three times from a low of 3.98 Hong Kong dollars to the current level.
On the news front, Wang Huan, the person in charge of Chabaida's South Korea market, revealed that the proportion of local consumers in the South Korean market has exceeded 80%, with a high user repurchase rate of 45%. Wang Huan also revealed, "Under the premise of complying with relevant rules, we will gradually open up franchise business. In fact, even before the opening of the first store, we had already received a large number of franchise applications, and there are now more than 300 franchisees waiting in line for the opportunity to open a store."
