Food & Beverage
Food delivery is a necessity to 60% of Hong Kongers: survey
Food delivery is a necessity to 60% of Hong Kongers: survey
Catering to customers’ “craving” moments is key to business growth.
7 of 10 Hong Kongers think food affects mental health: Deliveroo
The report also showed 55% growth in food delivery during the pandemic.
73% of restaurants are pessimistic as new wave threatens HK: Deliveroo
Only 26% are confident on the revenue on dine-in operations in the CNY.
SME business receipts diffusion index dips to 46.7 in October
The current DI is also lower than the November estimate of 49.7.
Hong Kong restaurant receipts rise by 43.8% YoY to $24.5b in Q3
The government cited three factors that drove the increase.
810,000 more Hong Kongers get first $2,000 e-vouchers
In total, the government has disbursed the first vouchers to about 6.3 million individuals.
CR Beer cheers as profit soars 106% to US$660.7m
This rose from RMB2.07b, approximately US$318.7m, in the first half of 2020.
Vitasoy sees up to 107% profit drop over reduced demand
It estimated its performance to range between $50m loss and $60m profit.
Business receipts up nearly 10% ending eight quarters of decline
This is thanks to the contained epidemic situation, as well as Hong Kong’s economic recovery.
4 in 5 will likely top up their $5,000 vouchers
The majority of whom will likely use their credit cards to top up.
Budweiser APAC profit soars to $518m in H1
This is up from $196m in 2020.
Food operator Fairwood sees profit soar 152.4% to $153.6m
This was driven by increased productivity and cost management amongst others.
China Youran Dairy estimates $3.2b net proceeds in global offering
It set its offer price at $6.98 per share.
Pandemic continues to dampen restaurant activity, as receipts drop 8.8%
Total receipts for the first quarter have been estimated at $19.7b.
Hong Kong relaxes COVID-19 measures as vaccine bubble starts
The government said the new social distancing measures would take effect from today, 29 April.
More than 40% of restaurants saw higher revenue in Q1
This represents a jump in growth from the 33% of restaurants that improved results in the the previous quarter.
Restaurant receipts down 25.9% to $21.2b in Q2
The declines narrowed from Q1 as social distancing measures eased.
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