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Citi: Maintains CHOW TAI FOOK (01929) "Buy" rating with a Target Price of 9.9 Hong Kong dollars, initiating a 30-day positive catalyst observation.
Due to the Top Reversal in Gold prices, it is expected that the potential demand for weight-based Gold jewelry products will be released.
NY Fed's Williams Sees Tariffs Feeding Inflation -- Barrons.com
Morgan Stanley: High-end Gold products are rising rapidly. Bullish on CHOW TAI FOOK (01929). Initiated coverage on Laoputong Gold (06181) with a "Market Perform" rating.
The bank ranked 18 domestic and international jewelry brands based on the main jewelry purchase criteria, among which Lao Pu Gold, CHOW TAI FOOK Jewelry, Bvlgari, and Cartier performed particularly well.
Hong Kong stock movement | CHOW TAI FOOK (01929) rises over 4%. The company's Operation strategy adjustment shows results, and Daiwa states its share price is still severely undervalued.
CHOW TAI FOOK (01929) rose over 4%, as of the time of writing, up 4.36%, at 7.9 Hong Kong dollars, with a transaction amount of 40.8736 million Hong Kong dollars.
Hong Kong Shares Fall, Weighed by Auto, Chip Stocks -- Market Talk
Hong Kong: The preliminary estimate of the total sales value of the Retail Trade in January was 35.3 billion Hong Kong dollars, which is a year-on-year decrease of 3.2%.
On March 3rd, the Hong Kong Special Administrative Region Government Census and Statistics Department released the latest figures on Retail Trade sales.
