Movement Alert｜CHOW TAI FOOK Falls 3.02% in Regular Trading, Daiwa Downgrade and July Traffic Slowdown Weigh on Shares

Market Focus07-28

On July 28, CHOW TAI FOOK fell 3.02% in regular trading, trading at HKD 12.21/share, with turnover of approximately HKD 48.74 million.

On the news front, Daiwa issued a research note downgrading CHOW TAI FOOK from \"Buy\" to \"Outperform,\" citing unclear gold price direction and likely deceleration in same-store sales growth following a strong FY2027 first-quarter start, while maintaining its target price at HKD 13.70. Separately, CLSA flagged that July store traffic has declined due to adverse weather and World Cup events, maintaining a \"Hold\" rating with a target price of HKD 10.70.

The broader jewelry sector traded weak on the day. Within the Specialty Stores sector, EVEREST GOLD fell 2.22%, LUK FOOK HOLD fell 1.21%, and POP MART declined 1.45%, reflecting subdued industry sentiment despite CHOW TAI FOOK's robust Q1 data showing 15.1% year-over-year retail sales growth and 41.7% same-store sales growth in Hong Kong and Macau.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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