Cafe de Coral Holdings Ltd - 500 Beiträge pro Seite

[panik]

Introduction

Cafe de Coral Group is the largest Chinese Fast Food restaurant group in the world with 182 outlets in Hong Kong, 74 in Canada, 119 in United States and 2 in Poland. Among a total of over 380 outlets, 115 outlets are operated under the brandname of "Cafe de Coral", whereas 195 outlets are under the brand of "Manchu Wok". Specialty restaurants include "Spaghetti House", "Bravo le Cafe", "Ah Yee Leng Tong", "Super Super Congee and Noodles" and "Noodles Plus", as well as the institutional catering business under the tradename of "Asia Pacific Catering".

As the market leader in the Hong Kong fastfood industry and the largest National Brand for Chinese quick service restaurant in Canada, the annual turnover of the Group now stands at HK$3 billion, generating an annual profit of HK$220 million in Year 2000 with a growth of over 72% in the past 5 years.

Restaurant and Catering Business



The principle business of the Group is the development and operation of self-service restaurants with the distinctive tradename, "Cafe de Coral". In addition, the Group has also diversified into full-service specialty restaurant operations and Asia Pacific Catering business. Acquisition of a Chinese soup-cum-specialty-dish restaurant chain, "Ah Yee Leng Tong", in 1990 and a mid range Italian restaurant chain, "The Spaghetti House", in 1991, enable the Group to achieve a more diverse earning base through the wider market exposure.

The recent development of "Bravo le Cafe" restaurant and "Super Super Congee and Noodle" restaurant concepts in 1997 and 1999 respectively further strengthen the Group`s leading market presence in the dining-out industry in Hong Kong. Since September 1999, the commencement of the school lunch box catering busines under the brand name of "Luncheon Star" has also proven successful. The Group currently operates about 180 restaurant units in Hong Kong and Guangdong province under its direct management. The Group has about 18% of the market share in the fast food sector and is a market leader in this field. The Group has also attained 4% market share of the total HK$ 57 billion dining-out industry in Hong Kong.

Food Processing


The 120,000 sq.ft. food processing plant is housed all under one roof within the Group`s self-owned 12 storey headquarters in Hong Kong, which has its own cold and dry storages, food processing lines, quality control laboratory, uniform laundry, and distribution fleet. Food processing comprises bulk breaking, standardized seasoning and standardized portioning at pre-set specifications, volume requirements and quality standards.

The commencement of production at the food processing plant in Guangzhou city, China marked another important step forward for the Group in the year of 1995. The centralization of Group`s China material sourcing, food production and distribution facilities confer synergistic benefits the Group.

Food Manufacturing and Distribution Business

The acquisition of Scanfoods in 1997 and the acquisition of Denny`s Bakery in year 2000 led the Group towards downstream integrated expansion into the food manufacturing and distribution business in the Greater China region. Aside from having an efficient sales network in Hong Kong and China, Scanfoods also owns a 40,000 sq. ft production base in Dongguan city , China with advanced imported machineries and technology from overseas.

At present, Scanfoods processes and distributes ham products to over 1,000 institutional customers in Hong Kong and China. It is one of the leading processed ham suppliers in Hong Kong with about 20% market share of the domestic processed ham market.

Public Listing

The year 1986 marked a milestone in the Group`s history as the Group went public and obtained an official listing for its shares on The Stock Exchange of Hong Kong Limited in July 1986, which was the first of its kind at the time of the listing.

Awards

For the past 30 years, Cafe de Coral has received numerous awards for its management excellence from the local and international institutions, which included the most coveted award of the Asian Management Award for Marketing Management and the Asian Management Award for General Management by Asian Institute of Management in 1992 & 1993, named Asia`s Best in 1997, Top Ten Best by AsiaMoney in 1998.

In the year of 1999, our Chairman has personally been awarded the prestigious Stars of Asia Award by Business Week. In addition, we have been selected as the Service Category Leader - Catering by Hong Kong Retail Management Association, and the Good People Management Award by Labour Department of HKSAR Government.

Three times in a row, we have been selected as World`s 300 Best Small Capitalization Companies by Forbes Global and The International Chinese Enterprises 500 by The International Chinese Newsweekly respectively in 1998, 1999 and 2000. And we have also been chosen as Powerhouse Hall of Fame - Best Practice Companies by Hong Kong Productivity Council consecutively in 1999 and 2000.





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http://www.cafedecoral.com

[Mannerl]

Hallo zusammen!

beobachte die Aktie auch schon länger!

Leider ist sie jetzt von einen knappen Euro auf 0,64 gefallen!

Vielleicht wäre jetzt ein Einstieg überlegenswert!

Aber sehr spekulativ - denn es sind relativ wenige Informationen erhältlich! ...


MFG

Mannerl

[ovis]

Finger weg

Die Stimmung in HK ist miserabel (und das Essen vom Korallencafe ist eh beschissen).

Seit 48 Monaten Deflation - und kein Ende in Sicht.

Grüße

ovis

[sina5]

Reuters
UPDATE - Cafe de Coral misses H1 target as downturn bites
Monday December 16, 6:51 am ET
By Tay Han Nee


(Adds detail from briefing, company and analyst comments)
HONG KONG, Dec 16 (Reuters) - Hong Kong`s largest local fast food chain, Cafe de Coral Holdings Ltd (HKSE:0341.HK - News), missed analysts` forecasts with only a marginal rise in its half-year earnings on Monday as prolonged economic downturn took its toll.

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Cafe de Coral, which has 416 outlets mostly serving Chinese food in Hong Kong, China and the United States, posted a two percent rise to HK$126.2 million (US$16.2 million) in its earnings for the six months to end-September, helped by cost cuts, it said at a briefing.

Three analysts had forecast a 6.5 percent rise in earnings.

Turnover dipped one percent to HK$1.3 billion, reflecting a slump in Hong Kong`s restaurant industry where receipts have fallen for nearly two years.

With a saturated home base, Cafe de Coral has been looking to buy into a fast food chain in China, but analysts said it would be difficult to achieve earnings growth in a country where consumers are disloyal and prices rock-bottom.

"The results are very disappointing," said Tony Wong, analyst at ABN Amro, who has a "reduce" rating on the stock.

"It does not have good prospects in China. There are a lot of chain stores in China and if they want to acquire a profitable one, they will have to pay a high price," he added.

The slight earnings growth gave investors indigestion and Cafe de Coral shares crumbled 5.5 percent to HK$5.15 from a mere 0.92 percent fall in morning trade before the results were released.

Still, the stock has risen 14.4 percent this year, as investors like the firm`s dividend payout. Cafe de Coral declared a HK$0.064 dividend per share for the half year, up from HK$0.044 a year ago.

In the face of slack demand, cost cuts have been vital for Hong Kong`s retailers and restaurants.

Fairwood Holdings Ltd (HKSE:0052.HK - News), which has 92 outlets mostly in Hong Kong, said after the market closed on Monday that it squeezed out a HK$2.7 million net profit for the six months to September, from a loss of HK$17.5 million a year ago.

Its shares fell 3.5 percent to HK$0.82.

A recent study by AC Nielsen showed that Hong Kong people dined out less in November, but those who did flocked to fast food restaurants, with Cafe de Coral the favourite chain ahead of Maxim`s and McDonald`s (NYSE:MCD - News). Maxim`s is a unit of Singapore-listed Dairy Farm International Holdings (SESAIR.SI - News).

Cafe de Coral, rated by Forbes Global as one of the world`s best-managed small firms for the fifth straight year in 2002, said its North American and Canadian operations, which include Manchu Wok and China Inn, made turnover of about HK$379 million.