World's best-performing restaurant stock in 2019 is a Thai dessert shop

After You's "core profit" in the second quarter probably more than doubled from a year earlier to a quarterly record on higher sales

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International news: The world’s best-performing restaurant stock this year comes from the home of “tom yum goong” soup and pad thai. But Thailand’s After You Pcl isn’t about spicy red peppers or curry, instead it sells brownies, pudding and elaborate pancakes.

After You shares have almost tripled this year. By comparison, gains of the next-best performing restaurants, Chinese hot-pot chain Haidilao International Holding Ltd. and Chipotle Mexican Grill Inc., rose at less than half that pace, according to data compiled by Bloomberg on restaurant operators with market values of at least $300 million.

“After You has very high growth potential based on its strong brand in the domestic market and overseas expansion plans,” said Poramet Tongbua, an analyst at Bualuang Securities Pcl. “The upcoming earnings results will give an...read more

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