On July 27, CHOW TAI FOOK rose 3.03% in regular trading, trading at HKD 12.59/share, with turnover of HKD 159 million.
On the news front, multiple investment banks issued research reports on the same day, giving positive assessments of CHOW TAI FOOK's FY2027 first-quarter operating data. UBS maintained its \"Buy\" rating and raised its target price to HKD 16.50, while BOC International also maintained a \"Buy\" rating with a target of HKD 14.80, citing strong retail performance exceeding the broader jewelry market. Daiwa downgraded to \"Outperform\" from \"Buy\" but kept its target at HKD 13.70, still favoring the stock within the gold jewelry sector for its 6% dividend yield.
The Q1 data showed overall retail value growth of 15.1% YoY, with Hong Kong and Macau same-store sales surging 41.7% and mainland China direct-store same-store sales rising 19.6%. The gold price pullback from earlier highs effectively stimulated demand for weight-priced gold jewelry, pushing its retail value share in mainland China and Hong Kong/Macau up by 5.7 percentage points to 67.2% and 70.1% respectively.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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