Cafe de Coral 341

Re: Cafe de Coral 341

Postby winston » Thu Sep 24, 2009 4:05 pm

DJ MARKET TALK: Macquarie Cuts Cafe De Coral Target To HK$17.50

0731 GMT [Dow Jones] STOCK CALL: Macquarie cuts Cafe De Coral (0341.HK) target price to HK$17.50 from HK$18.00 after lowering fiscal FY10-11 EPS estimates by about 11%, 12% respectively. Says forecast cuts due to openings of factories in China, Hong Kong now later than expected, delaying benefits of the new centralized food-processing facilities; estimates once facilities up and running, will add 1.0-2.0 percentage points to gross margins.

Notes also, key peer in China, McDonald's (MCD), also reported weak August numbers; Ajisen (0538.HK) also reported weak 1H09 comparable sales figures. But adds, anecdotal evidence suggests improving customer sentiment in both China, HK; expects CdC's restaurant performance to improve going forward.

"This market leader is strengthening its supply chain for further growth." Keeps at Outperform. Shares +3.0% at HK$17.30.

Source: Dow Jones Newswire
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Re: Cafe de Coral 341

Postby winston » Wed Nov 25, 2009 12:14 pm

Not vested.

DJ MARKET TALK: Cafe de Coral +0.1%; 1H Unlikely To Surprise - KE

1121 [Dow Jones] Cafe de Coral (0341.HK) +0.1% at HK$17.82 on light volume, unlikely to change much until 1H results come out later in day (likely lunch time). Deutsche Bank forecasts net profit +4% on-year at HK$208 million on 10% rise in sales; notes 1H performance likely affected by swine flu.

( if Swine Flu can affect Cafe de Coral, what about the other businesses ?? )

Separately, Kim Eng more optimistic, tipping net profit +15% at HK$232 million, accounting for 44% of full-year earnings forecast; house currently has Buy rating with target price of HK$18.89, but overall, "we do not expect to see much positive surprise in the upcoming set of results," Kim Eng says

Source: Dow Jones Newswire
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Re: Cafe de Coral 341

Postby winston » Thu Nov 26, 2009 7:08 am

Cost falls buoy Cafe de Coral by Beth Ye, The Standard HK

Cafe de Coral Holdings (0341) said its net profit for the six months ended September 30 grew 10.3 percent to HK$221.4 million, thanks to falling food costs.

The company distributed an interim dividend of 17 HK cents per share, which is 13.33 percent higher than last year.

Chairman Michael Chan Yue-kwong said the company feels confident the economy is recovering. He estimates a double-digit profit growth this Christmas, compared with the same period last year.

In order to boost capacity, the firm's central food processing plant in Hong Kong and the logistics center in Guangzhou are expected to start production by 2010 and 2011 respectively.

The two factories could increase the company's profit by one and two percentage points in Hong Kong and the mainland.

Cafe de Coral is also targeting expansion by increasing the number of stores in southern China from 62 to 200 before 2014.

"The current growth rate is adding 15 to 20 stores each year, costing HK$50 million to HK$80 million a year," Chan said. "And the growth rate will be speeded up when we have more than 100 stores" in southern China.

Capital expenditure will increase to HK$2 billion to HK$2.5 billion each year in 2010 and 2011, he said.

The company had a turnover of HK$2.39 billion for the past six months, and has cash on hand of more than HK$881 million.

"The dividend payout ratio will be maintained at 70 percent," as the company will use the remaining cash to buy its own stores back and make other purchases in China.

The business in North America posted a book loss of HK$1.05 million before tax for the first half of 2009, but Chan forecast it will turn around next year.

Chan also said the company would continue to hold its stake in The Link Real Estate Investment Trust (0823). "We may increase our stakes as hedging if Link raises our rents at their malls," he said.


http://www.thestandard.com.hk/news_deta ... 91126&fc=7
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Re: Cafe de Coral 341

Postby winston » Tue Dec 01, 2009 8:09 am

Not vested. From Dr. Check, The Standard HK:-

In a volatile market, safe- haven shares should be the prime choice of investors. Dr Check has noticed that whenever he pops into Cafe de Coral (0341), it is always crowded whether at breakfast, lunch or tea time.

The stock has provided stable dividend yields and considerable capital gains in the past 12 years and is likely to continue to do so. It shot to HK$18.26 in October, not far from its historical high of HK$19.34 in January last year.

If you take into account the HK$1.20 dividend it distributed in each of the last two years, every stockholder made money even though they may have bought the stock at its peak.

Cafe de Coral has just announced an interim profit of HK$221 million, with turnover reaching a record HK$2.39 billion. Apart from dominating the local fast- food sector, it's also the leader in school catering.

The stock ended at HK$17.90 yesterday. It should look more attractive around HK$17.

http://www.thestandard.com.hk/news_deta ... 91201&fc=2
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Re: Cafe de Coral 341

Postby winston » Mon Jun 21, 2010 6:48 am

Not vested. From Dr. Check, The Standard HK:-

Cafe De Coral (0341) is Hong Kong's biggest fast food chain, which I recommend from time to time.

The stock price recently rose to HK$21.35 and last closed at HK$20.30, a 25 times historical price-earnings ratio and a 3.3 percent dividend yield.

I would suggest waiting for the price to dip to near HK$19.
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Re: Cafe de Coral 341

Postby winston » Tue Jun 29, 2010 4:03 pm

DJ MARKET TALK: Cafe de Coral FY Solid But Upside Likely Capped

1501 [Dow Jones] Cafe de Coral (0341.HK) likely to trade around HK$20 near term, as slightly above-view FY results likely already captured by shares' resilience (+12% year-to-date vs HSI down 7%). Net profit for year ending March +16% on year at HK$513.2 million, beating HK$491.9 million tipped by Thomson Reuters.

With exception of SARS-marred 2003, CdC posted double-digit earnings growth every year over 10-year period.

Final dividend 45 HK cents/share, bringing full-year dividend to 62 HK cents, marking 12 consecutive years of dividend increase. Still, stock valued at 22X historic P/E much higher vs smaller rival Fairwood's (0052.HK) 13.2X, 52-week high of HK$21.35 (set June 17) may not be re-tested soon. Stock last down 0.7% at HK$19.90, HSI down 2.2%.

Source: Dow Jones Newswire
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Re: Cafe de Coral 341

Postby winston » Wed Jun 30, 2010 1:36 pm

Not vested.

HONG KONG ECONOMIC TIMES

-- Fast food chain operator Cafe de Coral (0341.HK) will raise prices at its fast food branches by at least 5 percent this year on the back of a rise in costs of labour and ingredients, Chairman Michael Chan said.
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Re: Cafe de Coral 341

Postby kennynah » Wed Jun 30, 2010 1:39 pm

you not vested but i see you very like to bring this kofishop up hor? 8-)
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Re: Cafe de Coral 341

Postby winston » Wed Jun 30, 2010 1:47 pm

Stable business, good management but still trading at a high price.

I'm still trying to find a catalyst on why it should go up.
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Re: Cafe de Coral 341

Postby kennynah » Wed Jun 30, 2010 2:03 pm

it's just a kopitiam....how much revenue can it harness? i wonder
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