CAFE DE CORAL H (00341) experienced a significant intraday surge, with its stock price soaring 5.81% on Monday.
The sharp upward movement followed the company's announcement of a voluntary on-market share repurchase program with a maximum aggregate consideration of HK$50 million. The board stated that the current trading price does not fully reflect the intrinsic value and long-term prospects of the group, and the buyback is expected to optimize the capital structure and enhance earnings per share and net asset value per share.
Additionally, the company declared a final ordinary dividend of HK$0.30 per share for the financial year ended 31 March 2026, maintaining its full-year distribution. The financial results, while showing a year-on-year decline in annual profit, revealed a strong second-half rebound, with attributable profit surging 151.10% compared to the first half, bolstering investor confidence.