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Guosen Securities: Chow Tai Fook's leading advantage is expected to continue to strengthen. Maintain a "better than the market" rating.
Guosen Securities released a research report stating that Chow Tai Fook (01929), as a leader in the gold jewelry industry, has a leading product iteration and channel layout, and its leading advantage is expected to be continuously strengthened in the trend of increasing importance of industry brand competition in the future. Considering the observation and inhibition of terminal consumer demand caused by high volatility of gold prices, the company itself is also continuously promoting the optimization of channel store adjustment. Guosen Securities lowered the company's net profit attributable to parent company from 2025 to 2027, maintaining a rating of "outperform the market". Matters: The company released unaudited major business data for the period of April to June 2024, with an overall retail value decreasing by 20% year-on-year, of which...
Lyons: Chow Tai Fook rated as "hold", target price lowered to HKD 7.5.
Lyon released a research report stating that it has a "hold" rating for Chow Tai Fook (01929) and lowered its target price from HKD 9.2 to HKD 7.5. The company's same-store sales growth in the first quarter was weak, and the July trend was similar to that of the first quarter, which means that the bank will lower its forecast for its same-store sales growth and profitability for the fiscal year 2025. In addition, after announcing a year-on-year drop in retail value for the first fiscal quarter ending in June by 20%, Lyon lowered its sales and net income forecasts for Chow Tai Fook from 2025 to 2027 by 4% and 11%, respectively, to reflect weak sales since the fiscal year 2025 and limited visibility of the prospects.
Tianfeng Securities: Fixed price performs beautifully, maintains Chow Tai Fook (01929) 'buy' rating.
Tianfeng Securities stated that the proportion of fixed-price gold product sales has increased rapidly, offsetting some of the impact caused by the recent slowdown in gold demand due to rising gold prices.
Chow Tai Fook Jewellery Shares Fall After Weak Sales Figures
Goldman Sachs maintains a "neutral" rating on Chow Tai Fook (01929) with a target price of HK$10.5.
Goldman Sachs holds an optimistic view on the increase of market share of Chow Tai Fook(01929), which will boost profit margins.
Hong Kong Shares Drop, Tracking Wall Street Weakness -- Market Talk