大家乐集团：Gaining market share under a weak macro

18 Jun 2024 Earnings Summary CMB International Global Markets | Equity Research | Company Update Cafe De Coral (341 HK) Gaining market share under a weak macro FY24 results were decent. However, given such macro weakness (CDC has actually outperformed the industry), we have to trim our earnings forecast. But because of our high hope of the new management, CDC's defensive nature and its attractive dividend yield, we maintain BUY. HK market: While the industry recovery is slower than expected, CDC has outperf ...