HK's Cafe De Coral set for best day in 5 years on strong H1

Fairwood Holdings

26/11/2018 05:45

** Shares of Cafe De Coral Holdings Ltd  0341.HK  surge 5.1
pct to HK$18.12, the highest since Sept. 28, after the fast food
restaurant chain posts solid growth in first-half earnings 
    ** The stock is heading for the best day since July 2013
    ** The restaurant chain operator posts 16.2 pct growth in
net profit to HK$239 mln for the six months ended September with
revenue rising 1.7 pct to HK$4.2 bln  urn:newsml:reuters.com:*:nFWN1Y0014
    ** Co says it is keen to accelerate network expansion in the
Greater Bay Area particularly in Guangzhou and Shenzhen
    ** As of the previous close, Cafe De Coral's shares have
fallen 18.2 pct so far this year
    ** Stock of smaller rival Fairwood Holdings Ltd  0052.HK 
rises 2.3 pct, the best day since February

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)