On August 6, CHOW TAI FOOK rose 3.46% in regular trading, trading at HK$12.24 per share, with turnover of HK$59.29 million.
On the news front, CHOW TAI FOOK previously disclosed strong FY2027 first fiscal quarter operating data, with overall group retail value rising 15.1% year-over-year. Mainland China direct-operated stores posted same-store sales growth of 19.6%, while Hong Kong and Macau same-store sales surged 41.7%. The robust performance was driven by gold price retreats from highs, which effectively stimulated demand for priced-by-weight gold jewelry, with mainland priced-by-weight gold same-store sales growth reaching 38.0%.
Multiple investment banks issued positive assessments following the data release. UBS raised its target price to HK$16.50 maintaining a Buy rating, BOCI maintained Buy with a HK$14.80 target, and Daiwa set a target of HK$13.70 with an Outperform rating. Guotai Junan highlighted priced-by-weight gold as the core earnings driver, with its retail value share rising 5.7 percentage points to 67.2% in the mainland market.
(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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