Insider Spends HK$1.7m Buying More Shares In Luk Fook Holdings (International)

Investors who take an interest in Luk Fook Holdings (International) Limited (HKG:590) should definitely note that the Founder, Wai Sheung Wong, recently paid HK$16.29 per share to buy HK$1.7m worth

Simply Wall StJul 11 18:20 ET

Earnings Update: Luk Fook Holdings (International) Limited (HKG:590) Just Reported And Analysts Are Trimming Their Forecasts

Luk Fook Holdings (International) Limited (HKG:590) shareholders are probably feeling a little disappointed, since its shares fell 6.1% to HK$16.24 in the week after its latest annual results. L

Simply Wall StJul 2 18:05 ET

BOCI Securities Limited maintains a "buy" rating on Luk Fook Holdings (00590), with a target price reduced from HKD 29.1 to HKD 21.8.

CICC expects that although Six Fortune's acquisition of Gold Supreme will put pressure on earnings for the 2025 fiscal year and beyond, the group can still provide a considerable dividend yield (about 7%).

Zhitong FinanceJul 2 04:03 ET

Zijin Mining Group (02899.HK) has recorded a total of 18.377 million tons of newly added copper metal resources for its Tibet Julong Copper Mine and Heilongjiang Tongshan Copper Mine.

Zijin Mining Group (02899.HK) announced that recently, according to the opinions of the natural resources authority on the evaluation of mineral resources reserves, the Tibet Julong copper mine and Heilongjiang Tongshan copper mine under the company's management have newly recorded copper metal reserves of 18.377 million tons, with newly recorded copper metal reserves of 5.777 million tons, accounting for about 14.2% of China's copper reserves at the end of 2022 (according to the "China Mineral Resources Report 20" disclosed by the Ministry of Natural Resources).

Gelonghui FinanceJun 28 12:04 ET

Luk Fook Logs 38% Boost in Fiscal Year 2024 Profit

Luk Fook Holdings (International) (HKG:0590) recorded a 38% rise in attributable profit for the year ended March 31 to HK$1.77 billion from HK$1.28 billion a year prior, a Friday bourse filing stated.

MT NewswiresJun 28 09:15 ET

Luk Fook Holdings (00590.HK): Annual net profit increased by 37.6% to HKD 1.77 billion. Proposed final dividend of HKD 0.64 per share.

Luk Fook Hold (00590.HK) released a statement on June 28 that the annual revenue for the period ending on March 31, 2024 was HKD 15.3 billion, up 28.0% YoY. This was primarily due to the low base effect, the full customs clearance between China Hong Kong, Macau and the Chinese mainland, and the recovery of the retail trade in China Hong Kong and China Macau, which became the main driving force for the group's growth. Retail income of the group increased significantly by 45.3% to HKD 12.75 billion, accounting for 83.2% of the total revenue of the group, primarily driven by the sales of gold products. The ratio of operating expenses to revenue improved by 0.6 percentage points to 15%.

Gelonghui FinanceJun 28 05:38 ET