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CAFE DE CORAL H (00341.HK) issues a profit warning: it is expected that the annual profit attributable to Shareholders will decline by no more than 30%.
On April 30, Gelonghui reported that CAFE DE CORAL H (00341.HK) announced that the group expects the Shareholder's profit attributable to shareholders for the fiscal year ending March 31, 2025, to decrease by no more than 30% compared to the Shareholder's profit attributable to shareholders of 0.3305 billion Hong Kong dollars for the fiscal year ending March 31, 2024. The decrease in profit attributable to shareholders already includes the increased fair value loss of investment properties compared to last year.
Express News | Cafe De Coral Holdings Ltd - Expects up to 30% Profit Decline for FY2025
CAFE DE CORAL H: Profit Warning
Hong Kong stocks are moving unusually | Dining stocks are rising across the board as multiple regions plan to introduce special action plans to boost consumer spending. In March, the growth rate of dining retail sales accelerated.
Dining stocks are rising across the board. As of the time of this report, YUM CHINA (09987) is up 8.36%, trading at 360.2 Hong Kong dollars; XIABUXIABU (00520) is up 6.15%, trading at 0.69 Hong Kong dollars; Naixue's Tea (02150) is up 5.26%, trading at 1 Hong Kong dollar; JIUMAOJIU (09922) is up 2.71%, trading at 2.65 Hong Kong dollars.
Where is the safe haven under the tariff war? Wall Street has found a "paradise": Asia Consumer stocks.
① Goldman Sachs and Morgan Stanley's strategists both recommended the Consumer Sector in Asia in their report published after the tariff war on April 2, urging investors to shift to defensive positions; ② Fidelity International specifically stated that the company has made a Buy on Chinese consumer stocks that had previously been affected, betting that these companies will benefit from stimulus policies.
Jefferies Adjusts Café De Coral Holdings' Price Target to HK$7.20 From HK$8.37, Keeps at Hold
