No Data
Fewer Investors Than Expected Jumping On Luk Fook Holdings (International) Limited (HKG:590)
Hong Kong stocks early news on January 17: USA's retail growth in December was lower than expected, with mixed trends for Chinese concept stocks in US markets.
① Retail sales in the USA grew by 0.4% month-on-month in December, which is below market expectations. ② The number of people applying for unemployment benefits for the first time in the USA last week increased by 0.014 million to 0.217 million. ③ The three major indices of the US stock market collectively fell on Thursday, with China Concept Stocks fluctuating. ④ The World Bank warns that Trump's tariff policy may hinder this year's Global economic growth. ⑤ Federal Reserve official Waller stated that if the inflation rate declines, the rate cuts may be stronger than market expectations.
LUK FOOK HOLD (00590.HK) reported a 9% year-on-year decline in overall retail revenue for the third quarter.
On January 16, GLONG HUI reported that LUK FOOK HOLD (00590.HK) announced that although the third quarter of 2025 fiscal year was the highest base quarter, performance in all aspects during the season was better than the previous two quarters. Overall retail value saw a year-on-year decline of 6%, and the group's overall retail revenue in the third quarter decreased by 9% year-on-year. The reduction in the decline was mainly due to the rebound of 27% in retail revenue in the mainland China market for the third quarter, while the decline in the markets of the Hong Kong Special Administrative Region and the Macao Special Administrative Region narrowed to 20%. The group's same-store sales for the third quarter were -22%, with -24% in the Hong Kong and Macao markets, and -11% in the mainland market.
Express News | Luk Fook Holdings (International) Q3 Same Stores Sales -22%
[Brokerage Focus] Goldman Sachs: Hong Kong's Retail Trade had poor performance in November, with sales figures and performance of various categories varying.
Jinwu Financial News | A Goldman Sachs Research Report points out that in November, the value of retail sales in Hong Kong decreased by 0.6% month-on-month after seasonal adjustment, while the retail volume increased by 0.3%. Among major categories, sales of "jewelry, watches, and luxury gifts" saw the largest growth, while durable consumer goods experienced the greatest decline. Year-on-year, the sales value significantly dropped by 73%, which is a noticeable increase in the decline compared to October's -2.8%. In terms of retail sales value, there was a 73% decrease year-on-year in November, with a month-on-month growth of -0.6% after seasonal adjustment by Goldman Sachs, compared to +1.4% in October. The growth in sales value varies across different categories.
In Hong Kong, the total value of retail trade sales in November 2024 is estimated to be 31.7 billion HKD, a year-on-year decrease of 7.3%.
On January 2, the Census and Statistics Department of the Hong Kong government released the latest sales figures for the Retail Trade.
I Am 102927471 :