Market Chatter: Café de Coral to Exercise Prudence with Price Increases Amid Weak Market

MT Newswires Live

Dec 03, 2024

Café de Coral (HKG:0341) plans to adopt a more cautious pricing scheme in 2025 as the market is weak, The Standard reported, citing Chief Executive Piony Leung Ho-ting.

The fast-food chain operator said it will launch more promotions to "offer a value-for-money menu mix," according to the Nov. 29 report.

Café de Coral logged a 28% decline in its half-year net profit at HK$140 million, while Leung forecasts second-half same-store sales to stay at current levels, according to the report.

Shares slipped 1% during Tuesday's afternoon trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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