Daiwa raised the target price for GUMING due to the expectation that the tapering of subsidies in the food delivery market will allow GUMING to strengthen its position in the mid-priced market segment. Management's strategies, including store model upgrades and extended operating hours, are anticipated to drive stable sales growth in 2026, despite concerns about sales volume. The broker also increased its earnings per share forecasts for 2026 to 2028 by 6% to 12%.
