Hop Hing Group (47.HK): Leading Quick Service Restaurants in Northern China October 16, 2017 762

Investment Summary

– Greater coverage of delivery service and extending store network.

– Enriched product mix and exciting staff incentive plan.

– Recovery of catering business with regional development.

Company Background

Company Profile

Hop Hing Group Holdings Limited (“HHG” or “the Company”) is principally engaged in quick service restaurants (QSR) business in North China. HHG gained rights to operate fast food restaurant chains in franchise regions by issuing convertible bond in 2011. With the acquisition of QSR business, namely the rice bowl brand “Yoshinoya” and ice cream brand “Dairy Queen(DQ)”, HHG successfully transformed itself from solely specializing in edible oil business to QSR-focused business.

Currently the company operates 481 quick service restaurants as up to 30 Jun 2017, covering seven northern Chinese provinces, including Beijing, Tianjin, Hebei, Liaoning, Jilin, Heilongjiang and Inner Mongolia. In future, HHG will continue to expand sales network, diversify brand portfolio and provide various food choices to customers.

About the author

Profile photo of Eurus Zhou

Eurus Zhou
Phillip Securities (HK)

Graduated from Hong Kong Polytechnic University, Master of Finance (Investment Management). Possess bachelor degree majoring in Financial Management from Southwestern University of Finance and Economics. Focus on industry prospect and corporate fundamentals to explore investment value and cover pharmaceutical and consumer industry.

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