HK Stock Movement | CHOW TAI FOOK (01929) Falls Over 4% in Afternoon Trading Amid Equity Restructuring to Strengthen Capital Framework

Stock News12-09

CHOW TAI FOOK (01929) dropped more than 4% in afternoon trading, declining 4.24% to HKD 13.1 by the time of writing, with a turnover of HKD 272 million. The decline follows news of an equity restructuring within the CHOW TAI FOOK group. According to HKEX disclosures, CHOW TAI FOOK Capital, controlled by the Cheng family, transferred nearly 54% of its stake in CHOW TAI FOOK Jewelry to Beyond Luck Limited, a subsidiary jointly owned by CHOW TAI FOOK Enterprises (65%) and CHOW TAI FOOK Capital (35%). This restructuring aims to optimize the group's capital structure and unlock business value, with CHOW TAI FOOK Enterprises set to become the parent company of core family businesses, including CHOW TAI FOOK Jewelry, CHOW TAI FOOK Creation, and New World Development.

Earlier, CLSA noted that CHOW TAI FOOK's H1 FY2026 sales and profits slightly missed market consensus, though same-store sales growth guidance remained unchanged and profitability expectations were raised. The brokerage forecasts FY2026 sales and net profit growth of 3% and 40% YoY, respectively, with gross and operating margins at 30.6% and 18%. CLSA raised its 12-month target price for CHOW TAI FOOK from HKD 12 to HKD 13, maintaining a forward P/E of 12x, and highlighted that the next peak season's sales performance will be critical for the stock's trajectory.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1172447913?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-09 14:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1172447913","market":"hk","top_or_hot":-1,"title":"HK Stock Movement | CHOW TAI FOOK (01929) Falls Over 4% in Afternoon Trading Amid Equity Restructuring to Strengthen Capital Framework","media":"Stock News","content":"<p>CHOW TAI FOOK (01929) dropped more than 4% in afternoon trading, declining 4.24% to HKD 13.1 by the time of writing, with a turnover of HKD 272 million. The decline follows news of an equity restructuring within the CHOW TAI FOOK group. According to HKEX disclosures, CHOW TAI FOOK Capital, controlled by the Cheng family, transferred nearly 54% of its stake in CHOW TAI FOOK Jewelry to Beyond Luck Limited, a subsidiary jointly owned by CHOW TAI FOOK Enterprises (65%) and CHOW TAI FOOK Capital (35%). This restructuring aims to optimize the group's capital structure and unlock business value, with CHOW TAI FOOK Enterprises set to become the parent company of core family businesses, including CHOW TAI FOOK Jewelry, CHOW TAI FOOK Creation, and New World Development.</p>\n<p>Earlier, CLSA noted that CHOW TAI FOOK's H1 FY2026 sales and profits slightly missed market consensus, though same-store sales growth guidance remained unchanged and profitability expectations were raised. The brokerage forecasts FY2026 sales and net profit growth of 3% and 40% YoY, respectively, with gross and operating margins at 30.6% and 18%. CLSA raised its 12-month target price for CHOW TAI FOOK from HKD 12 to HKD 13, maintaining a forward P/E of 12x, and highlighted that the next peak season's sales performance will be critical for the stock's trajectory.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HK Stock Movement | CHOW TAI FOOK (01929) Falls Over 4% in Afternoon Trading Amid Equity Restructuring to Strengthen Capital Framework</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHK Stock Movement | CHOW TAI FOOK (01929) Falls Over 4% in Afternoon Trading Amid Equity Restructuring to Strengthen Capital Framework\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-12-09 14:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>CHOW TAI FOOK (01929) dropped more than 4% in afternoon trading, declining 4.24% to HKD 13.1 by the time of writing, with a turnover of HKD 272 million. The decline follows news of an equity restructuring within the CHOW TAI FOOK group. According to HKEX disclosures, CHOW TAI FOOK Capital, controlled by the Cheng family, transferred nearly 54% of its stake in CHOW TAI FOOK Jewelry to Beyond Luck Limited, a subsidiary jointly owned by CHOW TAI FOOK Enterprises (65%) and CHOW TAI FOOK Capital (35%). This restructuring aims to optimize the group's capital structure and unlock business value, with CHOW TAI FOOK Enterprises set to become the parent company of core family businesses, including CHOW TAI FOOK Jewelry, CHOW TAI FOOK Creation, and New World Development.</p>\n<p>Earlier, CLSA noted that CHOW TAI FOOK's H1 FY2026 sales and profits slightly missed market consensus, though same-store sales growth guidance remained unchanged and profitability expectations were raised. The brokerage forecasts FY2026 sales and net profit growth of 3% and 40% YoY, respectively, with gross and operating margins at 30.6% and 18%. CLSA raised its 12-month target price for CHOW TAI FOOK from HKD 12 to HKD 13, maintaining a forward P/E of 12x, and highlighted that the next peak season's sales performance will be critical for the stock's trajectory.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B12V2V27.USD","symbol_name":"柏瑞亚洲小盘股A(除日本)","start_time":0,"source_url":"","article_id":"1172447913","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1172447913","pubTimestamp":1765260990,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"CHOW TAI FOOK (01929) dropped more than 4% in afternoon trading, declining 4.24% to HKD 13.1 by the time of writing, with a turnover of HKD 272 million. The decline follows news of an equity...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B12V2V27.USD":"柏瑞亚洲小盘股A(除日本)","BK1601":"香港本地股","01929":"周大福","IE00BYQNZ168.SGD":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5CP\" (SGD) ACC","BK1224":"专卖店","IE00BYTNYN87.SGD":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5\" (SGD) ACC","BK1545":"奢侈品股","BK1502":"双十一","SG9999011746.SGD":"PINEBRIDGE INTERNATIONAL FUNDS - ACORNS OF ASIA BA (SGD) ACC","BK1602":"香港零售股"},"translate_title":"港股动向|周大福(01929)午后跌超4%股权重组强化资本框架","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01929":1},"content_text":"CHOW TAI FOOK (01929) dropped more than 4% in afternoon trading, declining 4.24% to HKD 13.1 by the time of writing, with a turnover of HKD 272 million. The decline follows news of an equity restructuring within the CHOW TAI FOOK group. According to HKEX disclosures, CHOW TAI FOOK Capital, controlled by the Cheng family, transferred nearly 54% of its stake in CHOW TAI FOOK Jewelry to Beyond Luck Limited, a subsidiary jointly owned by CHOW TAI FOOK Enterprises (65%) and CHOW TAI FOOK Capital (35%). This restructuring aims to optimize the group's capital structure and unlock business value, with CHOW TAI FOOK Enterprises set to become the parent company of core family businesses, including CHOW TAI FOOK Jewelry, CHOW TAI FOOK Creation, and New World Development.\nEarlier, CLSA noted that CHOW TAI FOOK's H1 FY2026 sales and profits slightly missed market consensus, though same-store sales growth guidance remained unchanged and profitability expectations were raised. The brokerage forecasts FY2026 sales and net profit growth of 3% and 40% YoY, respectively, with gross and operating margins at 30.6% and 18%. CLSA raised its 12-month target price for CHOW TAI FOOK from HKD 12 to HKD 13, maintaining a forward P/E of 12x, and highlighted that the next peak season's sales performance will be critical for the stock's trajectory.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1172447913","isCrawlerRequest":true}