According to the Cnstock app, Techart International (09658) now rises by more than 4%, as of press time, up 4.09%, reporting HKD 13.74, with a turnover of HKD 5.7373 million.

On the news front, Techart International previously announced that Yang Lijuan has been appointed as the company's executive director and chief executive officer, mainly responsible for coordinating the management and global strategy of Techart International. CMB International believes the management change is positive for Techart, as the speed of store openings will be accelerated with each region's single-store model achieving breakeven and positive cash flow. The bank also believes that Yang's abilities will have a significant positive impact.

CICC believes that the company is still in the store expansion and single-store model improvement stage, and has not fully exerted its economies of scale. It is expected to improve store efficiency by improving operations and increasing table turnover, stabilize store expansion to dilute total headquarters costs, and enhance profitability by looking bullish on future profit release. Techart International mainly expands and operates Haidilao stores in overseas markets, with the bank estimating a potential for the company to open about 300 new stores.