Cafe de Coral 341

Re: Cafe de Coral 341

Postby winston » Fri Oct 24, 2014 9:18 am

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CAFE DE CORAL H (00341.HK) expects loss from sale of Chinese fast food restaurant in North America

CAFE DE CORAL H (00341.HK) announced that the company has disposed of its Chinese fast food restaurant business in North America at a total consideration of CAD7.8889 million (equivalent to approximately HK$54.4 million).

It is estimated that the group will record a loss of about HK$30 million from the disposal.

Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Sat Dec 27, 2014 11:23 am

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CAFE DE CORAL H (00341.HK) HK 85cafe management directed to Taiwan

CAFE DE CORAL H (00341.HK) +0.200 (+0.763%) announced that since 22 December, the Hong Kong business of 85cafe started to be directly managed by Taiwan 85cafe Group, which will be solely responsible for the development in Hong Kong.

85cafe currently has 8 stores in Hong Kong.

Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Sat Dec 27, 2014 11:23 am

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CAFE DE CORAL H (00341.HK) HK 85cafe management directed to Taiwan

CAFE DE CORAL H (00341.HK) +0.200 (+0.763%) announced that since 22 December, the Hong Kong business of 85cafe started to be directly managed by Taiwan 85cafe Group, which will be solely responsible for the development in Hong Kong.

85cafe currently has 8 stores in Hong Kong.

Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Sun Mar 08, 2015 7:18 am

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Macquarie maintains CAFE DE CORAL H(00341.HK) at Outperform with target lifted to $32.1

Macquarie stated that the listed restaurant has experienced a tough year in 2014 due to China's effort on anti-corruption and over-expansion within the sector.

However, the research house is bullish on CAFE DE CORAL H (00341.HK) +0.250 (+0.877%) Short selling $5.98M; Ratio 64.193% 's prospect since it dominates the low-price Chinese fast food segment with steady margins and FCF generation.

The rating was maintained at Outperform. The target price was rose from $29.2 to $32.1 based on a 3% dividend yield.

Source: AAstocks.com
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Re: Cafe de Coral 341

Postby winston » Tue Jun 23, 2015 1:10 pm

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<Result Ann>CAFE DE CORAL H(00341.HK) Annual Net Profit Up 1% to HK$587M; Final Div HK61 Cents

CAFE DE CORAL H (00341.HK) announced that for the year as of the end of March, the net profit rose 0.96% yearly to HK$587 million.

The EPS equaled HK$1.02; a final dividend of HK61 cents was declared.

The dividend equaled HK51 cents in the year-ago period.

Meanwhile, the turnover rose 7.76% yearly to HK$7.36 billion; gross profit rose 3.94% yearly to HK$1.02 billion.~


Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Wed Jul 29, 2015 6:57 am

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For switching into safer stocks, I like local fast-food chain Cafe De Coral (0341).

Net profit for 12 months to March 31 rose 0.9 percent from the previous fiscal year to HK$587 million.

The group ceased its entire operation in North America, which had been a loss-making burden for years.

The opening of The Cup, a Korean lifestyle fast casual chain, in Hong Kong as well as coming Japanese donburi and pasta chains will further expand the group's presence in the fast casual sector.

Deutsche Bank gives the stock a target price of HK$29.30.

The 2.8 percent dividend yield for such a well-run firm is safe in the long term.

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

Postby winston » Thu Oct 08, 2015 1:31 pm

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CAFE DE CORAL H (00341.HK) to Slow Pace of Branch Opening in China

Sunny Lo, the chief executive officer in CAFE DE CORAL H (00341.HK), mentioned in an opening event of its restaurant that the group will slow the pace of branch opening in China due to the economic slowdown.

The number of new restaurants will be less than the target of 20 branches for the whole fiscal year.

He added that the group expected to increase the casual restaurants in Hong Kong to seven branches by the end of this year, including Japanese and Korean restaurants in each of Wong Tai Sin and Siu Sai Wan.

Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Fri Oct 09, 2015 2:07 pm

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Fast-food chain Cafe de Coral will speed up its expansion taking advantage of declining rents, and aims to achieve its goal of opening 30 new restaurants in Hong Kong this year, said chief executive officer Sunny Lo.


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

Postby winston » Mon Nov 30, 2015 1:48 pm

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<Result Ann>CAFE DE CORAL H Interim Net Profit Down 14.68% YoY to $207M; Interim Div. 18 Cents

CAFE DE CORAL (00341.HK) announced its interim results for the period ended 30 September 2015.

It recorded a net profit of $207 million, down 14.68% yearly.

EPS was 35.95 cents.

An interim dividend of 18 cents was declared, as compared to that of 17 cents in the year-ago period.

During the period, the revenue rose 2.79% yearly to $3.726 billion.

Gross margin slid 2.46% yearly to $458 million.

In Hong Kong, the group's revenue in the first half of 2015 added 4% yearly to $3.12 billion.

In particular, the same store sales of Cafe de Coral gained 4% yearly. As of the end of September, there were 158 "Cafe de Coral" branches.

Source: AAStocks Financial News
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Re: Cafe de Coral 341

Postby winston » Mon Nov 30, 2015 4:43 pm

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CAFE DE CORAL H (00341.HK): Shop Rents Experiencing Downward Trend

CAFE DE CORAL H (00341.HK) -1.450 (-5.370%) Short selling $642.50K; Ratio 30.746% , in its interim report, stated that the food and beverage industry faces challenges from economy slowdown, weakened consumer confidence, rising raw material costs and labour shortage.

However, shop rents are experiencing a downward trend and the space scarcity situation will likely improve, which are favourable factors as the group implements its long-term expansion strategies.

The group added that the tough macroeconomic conditions have seen cutbacks in consumer spending and the trend looks likely to continue into the second half of the year.

Source: AAStocks Financial News
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