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NWS HOLDINGS (00659.HK) intends to rename itself "CHOW TAI FOOK CREATION".
On December 19, Gelonghui reported that NWS HOLDINGS (00659.HK) announced that after the Shareholder approval at the annual general meeting to change the company name, according to the Certificate of Change of Name issued by the Registrar of Companies in Bermuda on November 25, 2024, the company name has been changed from "NWS Holdings Limited" to "CTF Services Limited", and "CHOW TAI FOOK Creation Limited" has been adopted as the secondary Chinese name, effective from November 22, 2024.
Hong Kong stock movements | CHOW TAI FOOK (01929) fell over 4% in the afternoon, with a 44% year-on-year decline in net profit for the first half of the fiscal year. High gold prices suppress the release of end Consumer demand.
CHOW TAI FOOK (01929) fell over 4% in the afternoon. As of the time of publication, it had decreased by 3.77%, priced at 6.63 Hong Kong dollars, with a transaction volume of 51.6355 million Hong Kong dollars.
Chow Tai Fook Jewellery Group Limited Goes Ex Dividend Tomorrow
Morgan Stanley: Maintains chow tai fook "in line with the market" rating, target price of 8.3 Hong Kong dollars.
Morgan Stanley released a research report stating that it maintains a "market perform" rating for Chow Tai Fook (01929) with a target price of 8.3 Hong Kong dollars. The bank expects that Chow Tai Fook's stock price has approximately a 70% to 80% chance of outperforming the same period's market index in the next 30 days, noting that yesterday (the 9th) the Central Political Bureau meeting revealed a strong tone for stimulus policies, indicating the need to expand domestic demand, and calling for supportive measures for the stability of the housing market and stock market, envisioning stability in asset prices, which has a positive impact on gold and jewelry consumption. The bank also pointed out that the period from December to February of the following year is usually the traditional peak season for jewelry sales, and Chow Tai Fook's stock price this year...
CHOW TAI FOOK JEWE To Go Ex-Dividend On December 11th, 2024 With 0.25704 USD Dividend Per Share
Brokerage Focus: Tianfeng maintains a "buy" rating on Chow Tai Fook (01929), citing reduced profits due to gold price fluctuations leading to losses in gold contracts.
Golden Fire Financial News | Tianfeng Securities issued research reports stating that chow tai fook (01929) FY25H1 revenue decreased by 20.4% to 39.41 billion Hong Kong dollars, net profit decreased by 44.4% to 2.53 billion, due to significant fluctuations in international gold prices during the period causing losses from the revaluation of gold borrowing contracts, while the same period last year recorded gains from the revaluation of gold borrowing. For FY25H1, the company's operating profit (OP) was 6.78 billion Hong Kong dollars, a 4% increase; operating profit margin (OPM) increased by 4 percentage points to 17.2%, gross margin increased by 6.5 percentage points to 31.4%, benefiting from the rise in gold prices and increased contribution from the company's priced gold products. The bank stated that the
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