"Big Bank" CMB International Lowers Café de Coral (00341.HK) Target Price to 9.3 Yuan Dividend Flat Saves Disappointing Results

阿斯达克财经2024-12-02

According to a research report published by CMB International, although Café de Coral (00341.HK)' s performance in the first half of fiscal year 2025 was disappointing, its Dividend remained flat year-on-year during the period. Considering its relatively high rate of return on Dividend and defensive business, it still maintained the "buy" rating. CMB International lowered the target price of Café de Coral from 11.15 yuan to 9.3 yuan to reflect lower-than-expected same-store sales growth, higher operating leverage and slower expansion of new stores. The net profit forecast for fiscal years 2025-2027 was also lowered by 24%, 25% and 27% accordingly. The bank said it has not seen the economic outlook and consumer...

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