Jefferies: Raises CAFE DE CORAL H (00341) target price to HK$6.9, maintains "Buy" rating

Jefferies released a research report stating that CAFE DE CORAL H (00341) began a multi-year transformation in the second half of fiscal 2026, with execution progress currently in line with plan. As profitability improves, the decline in same-store sales is expected to narrow, while the Greater Bay Area business will benefit from stronger delivery penetration; the target price was raised from HK$6.6 to HK$6.9, maintaining a "Buy" rating. The bank now expects the company's net profit for fiscal 2027 to be HK$258 million, 3.6% higher than its previous forecast, mainly reflecting a streamlined Hong Kong store network driving margin improvement, as well as enhanced profitability of Greater Bay Area stores.