Movement Alert|CHOW TAI FOOK Rises 3.46% in Regular Trading, Strong FY2027 Q1 Data Draws Multiple Bullish Analyst Calls

Market Focus08-06

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.

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