Chow Tai Fook Jewellery's Stock Valuation Seems Appealing -- Market Talk

Dow Jones05-07

0937 GMT - Chow Tai Fook Jewellery's stock valuation appears appealing to Citi analysts. The Hong Kong-based jewelry retailer says it expects to post a 45%-55% rise in FY 2026 net profit, line with Citi's 53% growth projection. While investors are concerned that the company's gross profit margin could have peaked, the analysts reckon the risk is largely priced into its shares, which trade at 12X forward price-to-earnings ratio and a 7% dividend yield. Citi expects Chow Tai Fook's FY 2027 gross profit margin to narrow, but says its net profit margin should remain stable given likely lower hedging losses and flattish finance cost estimates. Citi retains its buy rating and HK$16.70 target price. Shares last closed 7.3% higher at HK$11.63. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 07, 2026 05:37 ET (09:37 GMT)

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Citi expects <a href=\"https://laohu8.com/S/01929\">Chow Tai Fook</a>'s FY 2027 gross profit margin to narrow, but says its net profit margin should remain stable given likely lower hedging losses and flattish finance cost estimates. Citi retains its buy rating and HK$16.70 target price. Shares last closed 7.3% higher at HK$11.63. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 07, 2026 05:37 ET (09:37 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Chow Tai Fook Jewellery's Stock Valuation Seems Appealing -- Market Talk</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\">\nChow Tai Fook Jewellery's Stock Valuation Seems Appealing -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-07 17:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0937 GMT - <a href=\"https://laohu8.com/S/CJEWF\">Chow Tai Fook Jewellery</a>'s stock valuation appears appealing to Citi analysts. The Hong Kong-based jewelry retailer says it expects to post a 45%-55% rise in FY 2026 net profit, line with Citi's 53% growth projection. While investors are concerned that the company's gross profit margin could have peaked, the analysts reckon the risk is largely priced into its shares, which trade at 12X forward price-to-earnings ratio and a 7% dividend yield. Citi expects <a href=\"https://laohu8.com/S/01929\">Chow Tai Fook</a>'s FY 2027 gross profit margin to narrow, but says its net profit margin should remain stable given likely lower hedging losses and flattish finance cost estimates. Citi retains its buy rating and HK$16.70 target price. Shares last closed 7.3% higher at HK$11.63. 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