LKNCY Luckin Coffee Inc - ADR

$LKNCY JC Investments has issued a research report for Luckin. Yours truly is the primary analyst at JCI. Feedback appreciated. Buy rating with a 12 Month price target of $55 with upside potential of $95.

$LKNCY If someone told me when I bought in 6 years ago that Luckin would put the fraud behind them, surpass Starbucks in Store count, and buy back up to 1 billion USD in stock I would tell them they are crazy, even im not that bullish This stock has in many ways exceeded all expectations save for one, relisting. It will happen, and when it does, those who have help patiently will be rewarded handsomely

$LKNCY 297 stores opened in China over the last 2 weeks. Updated the table with the latest outstanding share count and TTM rev/earnings. The countdown to starbucks has slipped a bit and now is pointing to January The price action can be tough, but all signs from the ER pointing to the long term outlook being very strong for those that can hold

$LKNCY hey everyone! It has been awhile but I’m still here. Hope yall are doing well. Still holding tight and feeling confident. Got a trip to Beijing coming up in a few months and looking forward to checking out a few stores

$LKNCY just read the report. Margins and profitability are way up. $1 plus in net income per listed share. Sssg still negative which is fully explainable. Delivery costs way down but marketing and SGA up slightly. One more quarter of negative SSSG comps then should be positive. What a bonkers cash pile though. Won’t bother listening to the call live. Truly a blow out number. We are on track for a $3B quarter in Q2 next year. Will finish the year with 40k stores. They need to use some of that cash and accelerate us expansion and start European expansion. Enough pussyfooting around. Can’t beat making over $1 per share. We should be seeing some major upgrades in price targets due to the improvement in margins etc (but likely won’t get major press releases) SLLaP!

$LKNCY As usual, the conference call had no mention of relisting and no question for it either. BUT - I feel this is one of the, if not the, most optimistic conference call, do you agree? The reason why I felt the tone is quite optimistic is that Guo is optimistic over the coffee market growth and where Chinese market is at the growth curve (he feel it's still looking at significant growth ahead), he's also optimistic over the continued recovery of the important SSSG stat, and he's optimistic over store expansion - both in terms of no hint of slowing down, and also that he's confident that Luckin management can very well control the pace based on what they see. Clearly the repurchase showed a lot of confidence over cashflow and ability to continue to profit. Based on what I've seen in my China trip, and the ER and Guo's optimism, I'm also becoming significantly more optimistic about Luckin now.

$LKNCY great earnings. The table is slowly being set for relist IMO. Management knows these prices are a bargain. My hope is once finally relisted Management moves to dividends. Can you imagine what that will do to the price. Its been a long road, and we have a ways to go still, but it will be life changing in the end.

$LKNCY wait .. what?!? We are up AFTER the ER??? We are also above the $32-$33 channel?!? That’s fresh!! Surely… somebody knows something! Whew💰😎💪

$LKNCY I am just going to keep sitting pretty on this position. This stock now forms a stable part of my portfolio with its much lower volatility compared to some of the other plays. I am seeing signs that there is an uptick in pricing for coffee products. Also seeing some indication that tea products are catching on. The price point for tea matches the 9.9 CNY price, but tea is lower cost than coffee, which should mean an increase in margin. Tea is too small right now to materially lift the overall margin, however. I am looking forward to looking back at this with smiles down the road when Luckin has stores in every college campus in the USA, and every airport. That's why I hold and have no plan to shed my massive position. The best of Luckin is yet to come. As usual, SLLaP!

$LKNCY $MU $INTC Come join the Luckin army, the future is bright with continued international expansion, a $500 million share buyback commitment, and eventual relisting, all serving as major growth catalysts. With leading institutions projecting a near-term stock price of $48+ on average, what’s not to like?!?

$LKNCY There will be a day when Luckin trades at 60+ and still be undervalued. Every day, the company grows its brand (recently won brand of the year) - it simultaneously grows its pricing power. A 1 yuan price increase translates into a ~10% boost to revenue and a even larger % change to earnings. Combined with a rising RMB currency exchange rate, that translates to even larger gains in dollar terms. Brands historically have been one of the best investments and usually overpriced because of the retail investor's premium. That isnt true with Luckin. The retail market that knows what Luckin is can't invest in Luckin. When that changes, expect great things for the stock. I've been long Luckin for years. The stock price has been disappointing but the business results have met / exceeded expectations. In the long run, thats all that matters.

$LKNCY With Luckin poised to buy back $1B in stock, that's about 10% of the company back in the caughers. That's ENORMOUS for existing investors. Regardless of what happens to the share price in the short term, rest assured, you just got a huge raise.

$LKNCY undervalued like no other stock you’ve seen. Buy all you can afford at thwe levels.

$LKNCY Same store sales dropped because delivery subsidies stopped. THAT'S GOOD! Margin improved significantly... THAT'S VERY GOOD!

$LKNCY my thesis was always that Luckin would eventually turn into a money printing machine. Once the growth slowed and they began to maximize profits they will dividend money out. It’s inevitable! This is the beginning of that phase.

$LKNCY still here and never sold a share. Everything has taken longer than I expected, but what an amazing company. The valuation continues to makes no sense. Luckin: ~18.6x trailing P/E Starbucks: ~47x Dutch Bros: ~61x Meanwhile Luckin just reported: • Revenue +17% • Operating income +55% • 38,909 stores • 123M monthly customers • $2.67B revenue in ONE quarter, more than Dutch Bros does in a full year The China + OTC discount is enormous. Obviously. Per usual, relisting is the biggest catalyst. Mid-2027 feels like a plausible window. If Luckin eventually trades at anything close to a normal major-exchange consumer growth multiple, $100/share isn't crazy at all.

$LKNCY while everything else has been tanking … my lil lady Luckin still takes care of me! She ain’t making me money… but she’ s held up very well considering the beatings I am taking everywhere else .

$LKNCY Luckin moved away from delivery subsides and turned on the profit spicket full blast. 413m net operating income with 23% profit margin. They opted to stop chasing money losing volume and focus on profitability.

$LKNCY Such a muted response to very solid earnings and $611M left allocated for additional purchase of shares. I keep holding on to all my shares because at some point the disconnect between SP and performance has to be righted…right?! Frustrating, but I can’t help but believe we’re still early in the game, even if its been 6+ years for us OG’s,

$LKNCY Luckin Coffee serving 123 million customers puts its scale into perspective: roughly 9% of China’s population! Yet the opportunity ahead remains enormous. As coffee becomes part of everyday life for more Chinese consumers, Luckin’s affordable pricing, convenience, and digital model could help bring millions more into the habit. This is more than selling coffee; it is helping build a coffee culture. With such a vast population, even small increases in adoption and repeat purchases could create substantial growth. An impressive customer base and an exciting runway ahead for Luckin Coffee!