On August 10, CHOW TAI FOOK rose 3.19% in regular trading, trading at HK$12.68/share, with turnover of HK$31.35 million. The rally was driven by a strong gold price rebound coupled with robust first fiscal quarter operating data.
The company's pure gold jewelry retail price has recovered to RMB 1,308/gram, with the gold price recovery expected to further release demand for weight-priced gold products. In its FY2027 Q1 update, the group reported overall retail value growth of 15.1% year-over-year, with mainland China direct-operated same-store sales up 19.6% and Hong Kong/Macau same-store sales surging 41.7%. Weight-priced gold jewelry same-store sales in the mainland grew 38.0%, with its retail value share rising 5.7 percentage points to 67.2%.
Multiple investment banks have maintained positive outlooks, with UBS raising its target price to HK$16.50 and maintaining a Buy rating, while BOCI also maintained a Buy rating with a HK$14.80 target. Peer Luk Fook Holdings rose 2.45% on the same day, reflecting broad sector strength.
(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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