Luk Fook Holdings (International) (HKG:590) Could Be Struggling To Allocate Capital

Simply Wall StDec 19 19:24 ET

CICC: Maintain luk fook hold (00590) "Outperform Industry" rating, target price reduced to HKD 16.56.

China International Capital Corporation has lowered the earnings per share forecast for luk fook hold (00590) for the fiscal years 2025 and 2026 by 40% and 36% to 1.84 and 2.24 yuan, respectively.

Zhitong FinanceDec 2 00:46 ET

Analysts Just Shaved Their Luk Fook Holdings (International) Limited (HKG:590) Forecasts Dramatically

Simply Wall StDec 1 19:34 ET

Bank of China International Downgrades Luk Fook to Hold From Buy, Price Target Is HK$14.70

MT NewswiresNov 29 03:27 ET · Ratings

Luk Fook Holdings (International) Limited Just Missed Revenue By 19%: Here's What Analysts Think Will Happen Next

Simply Wall StNov 28 18:15 ET

Credit rating from a major bank | Morgan Stanley: Lowered the target price of Luk Fook to 17.6 Hong Kong dollars, expecting business improvement in the second half of the 2025 fiscal year.

Macquarie published a report stating that for the third quarter to date, the same-store sales in Mainland China and Hong Kong/Macau have seen a smaller decline compared to the second quarter. Excluding gold hedging losses, the adjusted profit margins in Hong Kong/Macau and Mainland China rose by 2.5 percentage points and fell by 10.1 percentage points year-on-year, respectively. The company announced an interim dividend of HKD 0.55 per share, and the bank expects a total annual dividend of HKD 1.1 per share, implying a dividend yield of 7.4%. Macquarie anticipates that the company will see business improvement in the second half of fiscal year 2025. Taking into account factors such as gold hedging losses, same-store sales, and store closures, the forecasts for net income in fiscal years 2025 and 2026 have been adjusted.

Gelonghui FinanceNov 27 23:13 ET