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19915 DSMIXUE@EC2603A (CALL)
RT Nominal down0.023 -0.026 (-53.061%)

28/01/2026 16:01

{I-bank focus}UBS lowers MIXUE Group (02097) to HKD468

[ET Net News Agency, 28 January 2026] UBS lowered the target price for MIXUE Group
(02097) to HKD468 from HKD490 and downgraded the rating to "neutral" from "buy".
The research house said it cuts MIXUE's 2026-27E NP by 7%, mainly reflecting near-term
GPM pressure, driven by store-level deleveraging due to rising raw material costs, a
higher delivery mix, and intensifying competition. (rc)

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