Japan's TORIDOLL-backed Tam Jai jumps most in 5 weeks on revenue growth, dividend

TORIDOLL Holdings

16/05/2022 05:24

** Shares of noodle speciality restaurants chain operator
Tam Jai International Co Ltd  2217.HK  jump 5.9% to HK$2.88,
their biggest intraday percentage gain since April 8
    ** Stock of TORIDOLL Holdings Corp-backed  3397.T  unit hit
the highest since May 6, set for a second session of gains
    ** Co says its revenue for fiscal year ended in March jumped
26.8% year-on-year to HK$2.28 bln ($290.45 mln) as the number of
restaurants in operation in Hong Kong and worldwide increased,
but net profit fell 29.5% to HK$203 mln (https://bit.ly/3Liibf9)
    ** Co, which debuted last October, proposes a final dividend
of HK$0.114 per share to shareholders 
    ** Says Hong Kong is expected to continue to be its main
revenue and profit engine, and plans to open two more
restaurants in Japan in the first quarter of FY2023 to capture
the market momentum there
    ** Stock of TORIDOLL  3397.T  falls 5% in Japan
    ** The Hang Seng consumer goods and services index  .HSCGSI 
edges down 0.1% and the composite industry index on consumer
staples  .HSCICS  falls 1%
    ** The Hang Seng Composite Index  .HSCI  slips 0.3% and the 
benchmark Hang Seng Index  .HSI  eases 0.4%


     ($1 = 7.8499 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))