Quam Securities

Since its inception in 1986, Quam Securities Limited (Quam Securities) has grown to become one of the few mid-tier securities brokerages in Hong Kong with global execution capabilities for both private and institutional clients. It boasts a well-established network in Greater China including Taiwan and in major world markets through the Global Alliance Partners (GAP). Quam Securities is well-positioned not only to harness and drive business within the China Tonghai International Financial Limited but also between China and the world markets.

Research from Quam Securities

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Equity Bottom-Up

<ul><li>Affected by the negative impact caused by the COVID-19 pandemic around the world in 1H22, Tai Hing Group (THG) reported an attributable net loss of HK$52.5mn for the period, compared with an attributable net profit of HK$33.4 in 1H21.</li><li>As the pandemic eased and consumer sentiment in HK gradually improved, THG’s operating performance in June has been recovering.</li><li>Going forward, THG will step up marketing efforts to seize the post-pandemic market recovery momentum and will also focus on strengthening internal operations, optimising the restaurant network and dining experience.</li></ul>

Affected by the negative impact caused by the COVID-19 pandemic around the world in 1H22, Tai Hing Group (THG) reported an attributable net loss of HK$52.5mn for the period, compared with an attributable net profit of HK$33.4 in 1H21.As the pandemic eased and consumer sentiment in HK gradually improved, THG’s operating performance in June has been recovering.Going forward, THG will step up marketing efforts to seize the post-pandemic market recovery momentum and will also focus on strengthening internal operations, optimising the restaurant network and dining experience.

Tai Hing Group (6811 HK; BUY; TP: HK$2.87)