Movement Alert|Chow Tai Fook Rises 3.62% in Regular Trading, Gold Price Rebound Drives Jewelry Sector Recovery

Market Focus07-03 09:53

On July 3, Chow Tai Fook rose 3.62% in regular trading, trading at HK$11.54 per share, with turnover of HK$34.53 million.

On the news front, international gold prices triggered an oversold signal after breaking below US$4,000/oz, with technical indicators pointing to a corrective rebound. The gold jewelry sector extended the prior session's recovery momentum, with peer Luk Fook Holdings rising 5.23% on the same day, indicating strong sector-wide linkage effects.

On fundamentals, Chow Tai Fook reported FY2026 net profit of HK$9.004 billion, up 52.2% year-over-year, with operating margin reaching a five-year high of 20.0%. Multiple institutions maintain buy ratings with target prices well above the current share price, with CICC, UBS, and GF Securities assigning targets of HK$15.86, HK$16.00, and HK$16.80 respectively, providing valuation support.

(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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