Movement Alert｜CHOW TAI FOOK Falls 3.92% in Regular Trading, Gold Price Retreat Drags Down Jewelry Sector

Market Focus09-02

On September 2, CHOW TAI FOOK fell 3.92% in regular trading, trading at HK$12.29 per share, with turnover of approximately HK$84.85 million.

On the news front, international spot gold recently broke below US$4,500 per ounce, plunging over US$250 in a single week, triggering a broad selloff across the jewelry sector. Domestic branded gold jewelry prices declined sharply in tandem, with CHOW TAI FOOK's pure gold ornament list price further reduced to RMB 1,342 per gram on September 1, representing a cumulative decline of nearly 5% from the prior peak of RMB 1,410 per gram. Peers including Lao Miao Gold and Luk Fook Jewellery also collectively cut prices by RMB 6 to 8 per gram.

The violent gold price volatility has significantly dampened end-consumer confidence. Within the Specialty Stores sector, EVEREST GOLD fell 3.98%, LUK FOOK HOLD fell 1.59%, and POP MART declined 1.35%, reflecting broad-based pressure across the sector. Previously, Guotai Haitong maintained a Buy rating on CHOW TAI FOOK, citing priced gold jewelry as a driver of same-store sales growth, though near-term gold price swings continue to weigh on market sentiment.

(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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