智通财经APP获悉,近日天风证券首次覆盖茶百道(02555),该行给予茶百道“买入”评级。报告表示,在产品力方面,茶百道产品矩阵由经典产品与季节限定产品相融合,高性价比引领市场;在商业模式方面,公司主要业务来源为加盟,以实现更加稳健的收入来源,由于严格的筛选,只有约7%的候选人能成为加盟商;在供应链方面,茶百道持续投入供应链建设,该行预计,随着供应链效率的提高和运输成本的优化,材料成本将得到有效...
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