Movement Alert|Chow Tai Fook Rises 3.03% in Regular Trading, Gold Price Stabilization Triggers Technical Rebound in Jewelry Stocks

Market Focus07-02 11:48

On July 2, Chow Tai Fook rose 3.03% in regular trading, trading at HK$11.22/share, with turnover of approximately HK$66.32 million.

On the news front, international gold prices showed oversold signals after previously breaking below the US$4,000/oz level, with technical indicators displaying bullish crossovers that triggered a corrective rebound. Chow Tai Fook had previously declined over 3% on June 30 following gold's sharp drop, and the stock is now experiencing a technical recovery from short-term oversold conditions.

On the fundamental side, the company reported FY2026 net profit of HK$9.004 billion, representing a 52.2% year-over-year increase, with operating margin reaching a five-year high of 20.0%. Multiple institutions maintain Buy ratings with target prices generally above the current share price. Within the Specialty Stores sector, peer Luk Fook Holdings gained 1.08% on the same day, indicating broad stabilization across the gold jewelry segment.

(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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