---
title: "Daiwa Raises Gu Ming's Target Price to HKD 36"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282478101.md"
description: "Daiwa has raised the target price for Gu Mingfrom HKD 35 to HKD 36, maintaining a 'buy' rating, with a forecasted price-to-earnings ratio of 22 times for 2026. The firm's report highlights a decrease in Gu Ming's takeaway proportion from 60% to below 50%. Management plans to enhance franchisee profitability through dine-in promotions, extended morning hours, and increased coffee sales. Additionally, Daiwa has increased its earnings per share forecast for Gu Ming by 6% to 12% for the years 2026 to 2028."
datetime: "2026-04-13T02:55:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282478101.md)
  - [en](https://longbridge.com/en/news/282478101.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282478101.md)
---

# Daiwa Raises Gu Ming's Target Price to HKD 36

On April 13, according to Jin10, Daiwa released a research report raising the target price of Gu Ming (01364.HK) from HKD 35 to HKD 36, maintaining a 'buy' rating. This corresponds to a forecasted price-to-earnings ratio of 22 times for 2026. Daiwa noted that Gu Ming's takeaway proportion has decreased from a peak of 60% in the third quarter of last year to below 50%. The management expects this trend to continue, aiming to improve franchisee profitability through initiatives such as dine-in promotions, extending morning business hours, and increasing coffee sales. The firm has also raised its earnings per share forecast for Gu Ming from 2026 to 2028 by 6% to 12%.

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