No Data
Jefferies Adjusts Chow Tai Fook Jewellery Group's Price Target to HK$10.40 From HK$9.73, Keeps at Buy
Guotai Junan: The upward price expectation for Gold boosts the sales of processed Gold and investment Gold at the terminal.
The expectation of rising gold prices boosts the sales of gold by volume and investment gold in the terminals. After March, entering Q2 and Q3, the baseline will decline compared to the same period last year, and the Gold jewelry Industry is expected to welcome a structural market driven by rising gold prices and category differentiation.
[Brokerage Focus] Guosen Securities maintains CHOW TAI FOOK (01929) 'outperform the market' rating, stating that the company, as a leader, is expected to maintain strong brand competitiveness.
Jinwu Financial News | Guosen Securities reported that CHOW TAI FOOK (01929) released the unaudited key Company Business Data for January to March 2025, showing an overall retail value decline of 11.6% year-on-year. The retail value in the China (excluding Hong Kong, Macau, and Taiwan) market decreased by 10.4% year-on-year, while the retail value in Hong Kong, Macau, and Other markets declined by 20.7%. Compared to previous periods, the decline has narrowed. The same-store performance indicates that same-store sales in the China (excluding Hong Kong, Macau, and Taiwan) market fell by 13.2%, a reduction of 2.9 percentage points compared to October to December. In Hong Kong, Macau, and Other markets, same-store sales dropped by 22.5%, overall.
CIC: Maintain CHOW TAI FOOK (01929) outperforming Industry rating, raise Target Price to HKD 11.41.
The management plans to continue creating new SKUs and product lines to enhance product competitiveness, and it is expected that the sales proportion of Gold pricing products in FY26 will increase to 20-23%.
【Special Contributor】Deng Shengxing: The market is concerned about whether the China-U.S. tariff war will ease, and Hong Kong and A-shares have already reached their bottom.
Jinwu Financial News | The Hang Seng Index closed at 21,909 on Thursday (24th), down 162 points or 0.74%. The total market turnover for the day was 204.7 billion yuan. The China Enterprise Index fell 59 points or 0.7%, closing at 8,056. The Tech Index declined 73 points or 1.5%, ending at 4,975. The market continues to focus on the fierce competition in the mainland takeout market, with JD.com (09618) dropping 6.2%, making it the worst-performing blue chip; Meituan (03690) also fell 5.2%. Gold prices rebounded, and gold-related stocks generally stabilized. CHOW TAI FOOK surged 6.9%, making it the best-performing blue chip. The Dow Jones closed at 40,093 on Thursday (24th), up 486 points or 1.
Hong Kong Stock Morning Report｜Trump is considering a tiered tariff plan for China. Aluminum Corporation Of China reported nearly 60% year-on-year increase in Net income for the first quarter.
① Trump is considering a tiered tariff plan for China. ② Canadian Prime Minister Carney: There is no rush to reach an agreement with Trump; we have enough leverage in the negotiations. ③ Seven departments: Launching a pilot application for 'AI Empowering the Entire Industry Chain of Medicine.' ④ The Commercial Space Innovation Consortium was established yesterday, and relevant industry standards will be accelerated for formulation.
