Cafe de Coral

Café De Coral  is likely to finish the consolidation between $15.26 and $15.80. By technical analysis, the counter seems to gain strength and poises to test the resistance at $15.80 again. Since RSI-14 holds above the 60-mark level, this suggest the counter to head north the short-term. Meanwhile the investment institutions switch their portfolios to retail sector with good earnings quality, this counter gains much upward momentum to trace further upward trend towards $16.50.

 

Hong Kong's Cafe de Coral H1 to Sept net profit 175.1 mln hkd vs 151.47 mln



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Cafe de Coral Holdings Ltd first-half to September results:



Sales - 2.09 bln hkd vs 1.89 bln

Opg profit - 194.41 mln hkd vs 170.59 mln

Net profit - 175.1 mln hkd vs 151.47 mln

EPS - 31.88 HK cents vs 28.0 cents

Interim div - 15 HK cents vs 12 cents