Ajisen 538

Re: Ajisen 538

Postby winston » Wed Mar 23, 2016 6:37 am

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Ajisen China Holdings (0538), a restaurant chain operator selling Japanese ramen, said it plans to open up to 100 outlets this year.

The firm's net profit last year slumped 17.7 percent to HK$226.9 million from 2014 while turnover fell 5.8 percent to HK$3.13 billion.

The company operated 673 stores at the end of last year, including 38 in Hong Kong, chairman Daisy Poon Wai said.

It plans to open seven outlets in Hong Kong. A final dividend of 12 HK cents per share was declared.

The stock rose 2.06 percent to HK$2.97.

Source: The Standard
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Re: Ajisen 538

Postby winston » Tue Jul 12, 2016 9:18 am

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AJISEN (CHINA) Sees Negative Growth in 2Q16 PRC & HK's Same Store Sales

AJISEN (CHINA) (00538.HK) announced that for the second quarter ended 30 June 2016, the same store sales growth in Hong Kong and China were -0.7% and -9.6% yearly respectively.

The group?s FCR Business sales saw 9.8% yearly fall.

Source: AAStocks Financial News
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Re: Ajisen 538

Postby winston » Mon Jul 18, 2016 9:28 am

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Surviving the onslaught

Ajisen’s China restaurant SSSG has started to stabilise since its trough in 2Q15, despite continuous competitive landscape.

Emphasis on cost control will aid margin expansion, and the company can benefit from reduced tax burden due to VAT/BT reform.

We raise our FY16-18F EPS forecasts by 0.4-3.6%.

Upgrade to Hold, with higher TP of HK$3.30. While growth drivers will take time to bear fruit, high dividend yield and strong net cash position supports its share price

Source: CIMB

https://brokingrfs.cimb.com/V_qTQSR1rN1 ... HXyyw2.pdf
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Re: Ajisen 538

Postby winston » Thu Jul 21, 2016 12:36 pm

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AJISEN (CHINA) Predicts Earning $500M More in Interim Result

AJISEN (CHINA) (00538.HK) -0.200 (-5.405%) Short selling $322.69K; Ratio 13.647% issued a positive profit alert, predicting a substantial increase of not less than $500 million in the unaudited net profits for the six months ended 30 June 2016 as compared to that for the corresponding period in 2015.

Such increase is mainly attributable to the substantial unrealised gain on fair value changes on financial asset designated as at fair value through profit or loss in relation to an investment of the group.

Source: AAStocks Financial News
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Re: Ajisen 538

Postby winston » Thu Jul 21, 2016 3:14 pm

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AJISEN (CHINA) Slumps Nearly 7%, Ending 3-Day Rise

AJISEN (CHINA) (00538.HK) issued a positive profit alert, predicting a substantial increase of not less than $500 million in the unaudited net profits for the six months ended 30 June 2016 as compared to that for the corresponding period in 2015.

Such increase is mainly attributable to the substantial unrealised gain on fair value changes on financial asset designated as at fair value through profit or loss in relation to an investment of the group.

However, with the accumulated growth of nearly 15% from last three days, the stock slumped 6.8% after surging 4% to $3.85 this morning. It last at $3.45, on volume soaring to 2.36 million shares.

Source: AAStocks Financial News
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Re: Ajisen 538

Postby winston » Wed Oct 26, 2016 8:21 pm

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AJISEN (CHINA) 3Q HK SSS Down 0.7% YoY

AJISEN (CHINA) (00538.HK) -0.040 (-1.108%) Short selling $3.56K; Ratio 0.180% announced that for the third quarter ended 30 September, the same store sales (SSS) in Hong Kong fell 0.7% yearly;

On the mainland, the gross rate of SSS (inclusive of BT or VAT) fell 6.3% yearly; net rate of SSS fell 10.8% yearly.

In HKD, the group's FCR business sales during ther period fell 14.6% yearly.

Source: AAStocks Financial News
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Re: Ajisen 538

Postby winston » Thu Jan 26, 2017 8:57 am

<Positive Profit Alert>AJISEN (CHINA) Expects 2016 Net Profit Growth No Less than $400M

AJISEN (CHINA) (00538.HK) issued a positive profit alert, predicting a substantial yearly increase in profit for the year ended 31 December 2016 of not less than $400 million, mainly attributable to the substantial unrealised gain on fair value changes on financial asset designated as at fair value through profit or loss in relation to an investment of the group.

Source: AAStocks Financial News
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Re: Ajisen 538

Postby winston » Fri Jul 14, 2017 9:22 am

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On a path to recovery

Ajisen reported 2Q17 net SSSG of +1.6% for its PRC stores, marking its return to positive SSSG after 10 consecutive quarters of decline, ahead of our expectations.

With the recovery in SSSG, we expect acceleration in store openings in 2H17 which will help drive topline growth.

We raise our FY17-19F EPS forecasts by 5.0-7.0% due to higher SSSG assumptions and increased net store openings.

Upgrade from Hold to Add, on the back of SSSG recovery and undemanding valuation. Our DCF-based target price rises to HK$3.90 (WACC: 10.5%)

Source: CIMB

https://brokingrfs.cimb.com/uCKrkACypar ... dkDLA2.pdf
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Re: Ajisen 538

Postby winston » Thu Aug 10, 2017 10:13 am

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July 17, 2017

AJISEN (CHINA) 2Q HK SSS Down 4.6% YoY

AJISEN (CHINA) (00538.HK) announced the preliminary operating figures. As of the end of June 2017, the second quarter same-store sales in Hong Kong decreased 4.6% yearly.

Source: AAStocks Financial News
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Re: Ajisen 538

Postby winston » Thu Aug 10, 2017 10:18 am

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Mar 22, 2017

<Result Ann>AJISEN (CHINA) Annual Net Profit RMB665M; Final Div 8 Fen

AJISEN (CHINA) (00538.HK) announced its annual results as of the end of 2016.

Net profit grew 260.5% yearly to RMB665 million.

EPS equaled 61 fen; a final dividend of 8 fen was declared, against 10 fen in a year-ago period.

A total dividend of 12 fen was declared for the full year.

Source: AAStocks Financial News
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