Ajisen (China) (0538.HK) Hong Kong store sales in the second quarter increased by 3.3% year-on-year and the mainland by 5.8%, while sales in the fast casual restaurant business increased by 4.5% (the first quarter was down 0.1%, up 1.6%, and 1.3%). CIMB Securities believes that Ajisen has moved its focus from adding branches to improving the performance of existing branches; in anticipation of active cost control and fewer new branch costs, it raised its profit forecast for the 13-15 fiscal year by 3%-5%. It is expected that its same-store sales and gross margin will fully recover in 2015; it has a neutral rating.