Jefferies released a research report saying that maintaining the “buy” rating of Big Food Group (00341.HK), the target price was lowered from HK$16.5 to HK$14 because the EBIT margin of the fast food business (QSR) is expected to continue to improve to about 7% in the 2026 fiscal year, and the network and profitability of the mainland business will continue to expand. The bank believes that the casual dining business, which accounts for 12% of Hong Kong's sales, will be affected by Hong Kong people's consumption in the north, while the fast food business will be more resilient.