[ET Net News Agency, 10 January 2020] Jefferies Research initiated coverage on Cafe de
Coral Holdings (CDC)(00341) with a "buy" rating and a target price of HK$24.57.
The research house said CDC is a QSR (quick-service restaurant) operator in HK (85% of
sales) and China (15%). Jefferies expects that CDC will recover faster from the current
social event and should be more resilient should the economy subsequently slow down.
It noted that CDC has strong cash flow from operations and has been generous in dividend
payout (the research house has not factored in any special dividend in our forecasts in
FY2021/22).
Despite a decline in net profit in FY2020, Jefferies expects CDC to maintain its DPS
payout of HK$0.84 per share, representing a 4.5% yield based on the current price of
HK$18.68. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00341 CAFE DE CORAL H
Nominal 
8.010 +0.030 (+0.376%) Others
10/01/2020 16:45
{I-bank focus}Jefferies starts Cafe de Coral at HK$24.57
| Remark: | Real time quote last updated: 18/04/2024 17:59 |
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