Cafe de Coral is literally the kitchen of HK. Revenue and profitability growth has collapsed so much into negative territory that mathematically speaking, the year-on-year comparable are going to be very favorable in 2021 and 2022. Rental and labor cost, the 2 biggest cost components are going to act as a tailwind for the company (LTM operating margins of 2.6%...
Hong Kong is following other countries to reopen part of the city to allow some workers to return to office. Food is an important and necessary part of office workers life. I mean, they have to take their lunch, coffee breaks, dinner ,etc. So, what business will come to their rescue ? That's right ! Food and beverage business, the restaurant. But not just any...
With the calming situation on the protest, people still need to eat. With a slowing economy, cheap eats surely on the way back up. Virus or no virus, the situation must improve! This is not investment advice and I currently have no position in this name. I may open a position as we see virus fears subside and people flow hitting the streets of HK.