News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
LH GROUP Chair Urges Transformation as HK Catering Mkt Now in Elimination Phase
Amid concerns sparked by recent closure announcements from several catering businesses in Hong Kong, Simon Wong, Chairman and CEO of LH GROUP (01978.HK), said in a newspaper interv...
Reset
Send
The window will close in 5 seconds
LH GROUP Chair Urges Transformation as HK Catering Mkt Now in Elimination Phase
Close
Recommend
10
Positive
17
Negative
5
 
SHORT SELL
 
STOCK INFO

Amid concerns sparked by recent closure announcements from several catering businesses in Hong Kong, Simon Wong, Chairman and CEO of LH GROUP (01978.HK)  0.000 (0.000%)   , said in a newspaper interview that Hong Kong's catering market is in a "highly competitive elimination phase", so this is not the right time for expansion, though urgent transformation is necessary to avoid being eliminated.

Regarding the impact of Hong Kong residents spending in the Mainland on Hong Kong's catering industry, Wong noted that the daily dining demand remains as most Hong Kong residents still work in this city.
(HK stocks quote is delayed for at least 15 mins.)

Related NewsMacquarie Eyes CN Stocks' Earnings Stability in 2H25 & 3 Major Themes, Favoring HAIDILAO, CHOW TAI FOOK Benefiting from Domestic Demand

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.