$CHABAIDAO(02555.HK)$CHABAIDAO(2555.HK) Let's calculate the valuation. If overseas stores can account for 40-50%, the current valuation is still acceptable... Currently, there are a total of 8,300 stores, mostly concentrated in the domestic market; overseas expansion is the only way out. Pilot stores in Hong Kong, South Korea, and Australia have already shown initial signs of success. If the number of stores reaches 15,000-20,000+ in the next two years, the valuation could reach 20-24 billion, as overseas stores have higher profit margins.