Cafe de Coral 341

Re: Cafe de Coral 341

Postby winston » Wed Jun 27, 2012 1:59 pm

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DJ MARKET TALK: Cafe de Coral +3.8%; Earnings To Resume Growth-DBSV

1133 [Dow Jones] Cafe de Coral (0341.HK) is 3.8% higher at HK$20.75 but volume is unexciting at HK$4.6 million.

Its FY12 net profit slid 8% on-year to HK$474 million marking the first earnings decline in eight years; but the result is well-flagged.

DBS Vickers expects earnings to resume its growth path from FY13, and after the share price retreated more than 10% from its peak in March, its current valuation of 21X "is more reasonable and closer to its historical average."

The house upgrades CdC to Hold from Fully-Valued, and tweaks its target price to HK$19.00 vs HK$18.90.

"Cafe de Coral's relatively defensive operations and solid cash position should make it a decent choice for those looking for resiliency amid the current market sentiment," says DBSV.

Source: Dow Jones Newswire
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Re: Cafe de Coral 341

Postby winston » Wed Jun 27, 2012 8:16 pm

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Michael Chan says bright picture is ahead though CAFE DE CORAL H facing '3 highs'
2012-06-26

Lam Hung Chun, chief financial officer of CAFE DE CORAL, said the group recorded the first profit decline in eight years and saw profit drop 8%.

He said the problems of high wages, high food prices and high rent, and the closing down of jointly operated restaurant added to the difficulties of the group. Chairman Michael Chan said the bright picture has yet to come, adding he hopes to see double-digit growth in the next financial year.

On the other hand, Chan has taken up a number of posts for many years. Chan said he would go behind the stage and let chief executive officer Lo Hoi Kwong stand at the forefront in the future.

Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Tue Sep 11, 2012 4:26 pm

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CAFE DE CORAL H (00341.HK) posts single-digit SSSG during Jul-Aug; insignificant pressure on price hikes

CAFE DE CORAL H (00341.HK) reported single-digit same store sale growth during July to August, said Chief Executive Officer Sunny Lo, adding the interim results was rather healthy with reasonable increment.

Lo is positive on the performance in the second half of 2012.

Asked about the level of minimum statutory wage affordable by the company, Lo said the company will enhance it capability and streamline work procedures, expressing confidence that it can accept certain level of salary increment.

The company plans to adjust part-time and full-time workers to 50:50 and transfer certain part-time staff to work full-time, training them to executives and boosting their sense of belonging.

Lo said the pressure on price hikes is not significant as food costs and rentals have kept steady in recent four to five months. (y)


Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Mon Nov 26, 2012 6:20 pm

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CAFE DE CORAL H (00341.HK) records 3-4% rise in some products in 1H

CAFE DE CORAL H (00341.HK)'s Chief Executive Officer Sunny Lo said in the press conference that due to the inflation, minimum wage policy, and rising food costs, the prices for some of the products rose 3-4% in the first half of the year.

The centralized center for production and logistics in Hong Kong is expected to put into operation in late 2012 or early 2013, for capital expenditure of nearly HK$900 million.

The capacity is enough for the supply to 300 stores. As a result, some stores may free up additional space for the customers.


Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Tue Nov 27, 2012 5:09 am

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The company yesterday said interim earnings jumped 16 percent to HK$220 million, prompting its share price to rise to HK$22.90, near September's peak - HK$23.50.

The minimum wage law did not hurt earnings. It seems they just passed on the cost to consumers. But both CDC and Fairwood look a bit pricey.

So, we had better wait to buy them on dips.

Source: Dr Check, The Standard HK
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Re: Cafe de Coral 341

Postby winston » Tue Nov 27, 2012 2:39 pm

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Fast food chain operator Café de Coral Holdings Ltd does not rule out raising menu prices amid rising labour costs and rent, said Chief Executive Sunny Lo.

It plans to open 20 outlets in Hong Kong and 30 on the mainland for the whole year.

Source: HONG KONG ECONOMIC JOURNAL
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Re: Cafe de Coral 341

Postby winston » Tue Sep 10, 2013 7:51 pm

CAFE DE CORAL H (00341.HK): food prices up 4-5% in 2013, sales stable in 1H13

CAFE DE CORAL H (00341.HK)'s Chief Executive Officer Sunny Lo said the sales performance in the first half of 2013 was stable, which is in line with the company's estimate.

Besides, food prices began to shoot up since 2011, with approximately 11% increase in 2011, 6% in 2012 and 4-5% in 2013; while the company has started to adjust its policy to gradually digest the higher cost several years ago.

Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Thu Apr 10, 2014 5:44 am

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For bargain hunting, look at Cafe De Coral (0341).

It has managed to raise its revenue and earnings to fresh highs every year.

Hong Kong's biggest fast-food chain has no debt and pays nearly a 4 percent dividend.

The stock is now 13 percent below its peak.


Source: Dr Check, The Standard HK
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Re: Cafe de Coral 341

Postby winston » Tue Jun 24, 2014 1:43 pm

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CAFE DE CORAL H full-year profit up 7.6%; final div 51 cents
2014-06-24

CAFE DE CORAL H (00341.HK) +0.250 (1.006%) announced that for the year as of the end of March, the profit attributable to shareholders rose 7.6% to $581 million, representing underlying EPS of $1.01.

A final dividend of 51 cents was declared. The yearly payout dividend ratio equals 67.7%.

Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Wed Jun 25, 2014 5:00 am

Chain reaction to high by Natalie Leung

Cafe de Coral (0341) will continue to sell affordable meal sets at HK$30-HK$30.50 each that partly helped the local fast-food chain attain record high profits.

Chief executive Sunny Lo Hoi-kwong said yesterday the chain is speeding up the opening of 30 new outlets in Hong Kong in the current fiscal year and 20 branches in the mainland.

Net profit in the year to March 31 rose 8 percent to HK$581 million with turnover up 9 percent to HK$6.99 billion. A final dividend of 51 HK cents is recommended.

Lo remains optimistic about future performance. But he noted it was difficult to forecast same-store sales growth, which rose 9 percent from the previous fiscal year..

Its Hong Kong operations, which are the key driver of the group's profit, contributed about 80 percent of turnover, recording a 10 percent growth to HK$5.59 billion.

Food costs rose 10 percent last year, Lo said. But he insisted it will be offset by a 20 percent boost in production, after the chain's central food processing plant in Tai Po became operational in April. The group's five outlets in Mong Kok saw customer levels fall in line with a decline in mainland visitors since last year.

But Lo said the group's business would not be affected drastically by government plans to curb the number of mainland tourists as the chain relies mostly on locals.

The group now operates 153 Cafe de Coral fast food outlets, 32 Super Super Congee & Noodles shops, 20 Oliver's Super Sandwiches stores and 22 The Spaghetti House branches in Hong Kong as at March 31.

The group aims to add more overseas brands such as those from Japan and South Korea to Hong Kong's dining scene as part of its next five-year plan.

Meanwhile, revenue growth in the mainland slowed to 10 percent from 15 percent.

The group also saw a 15 percent drop in revenue from its North American operation.

But Lo said the group has no plans to exit from North America, althought it will close some branches there.


Source: The Standard HK
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