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Jefferies Financial: Downgrades chow tai fook's target price to 9.73 Hong Kong dollars, Downgrades net profit forecast for fiscal years 2025 to 2027.
Jefferies Financial's report pointed out that although consumer sentiment is unclear, Chow Tai Fook's brand investment/upgrading will continue, as the company recently launched a new concept store and seeks overseas expansion. According to channel surveys, the bank believes that Chow Tai Fook's sales trend for the second quarter of the fiscal year ending in September 2025 is unlikely to narrow significantly, so the bank has lowered its net profit forecasts for the fiscal years 2025 to 2027 by 9%, 11%, and 12%, respectively. It also anticipates a 21% drop in the company's sales for the first half of the fiscal year ending in September 2025, with a 20% drop in the mainland and a 24% drop in Hong Kong. The bank also lowered the company's target price from 12.67 Hong Kong dollars to 9.
Chow Tai Fook Jewellery Group Unveils New Concept Store in Central Hong Kong, Advancing Brand Transformation Through Elevated Customer Experience
Chow Tai Fook (01929) fell by 43.50%, now trading at 5.920 yuan, hitting a 52-week low.
As of 11:47, Chow Tai Fook (01929) is down 43.50% from the previous closing price, now trading at 5.920 yuan, hitting a 52-week low; the trading volume is 3.7748 million shares, with a turnover of 22.3831 million Hong Kong dollars.
Hong Kong's Chow Tai Fook Taps LVMH Executive to Lead Global Push
Chow Tai Fook Jewellery Group Appoints Ms. Gabriela Ferreira as General Manager, International, To Lead Strategic Expansion in Southeast Asia and Globally
Hong Kong stock anomalous | Chow Tai Fook (01929) now falls more than 4%. Last year's high base and high gold prices suppress terminal demand. Deutsche Bank lowers company's revenue growth forecast.
Chow Tai Fook (01929) fell nearly 5% during the session, as of the deadline, down 4.06% to HKD 6.38, with a turnover of 46.5737 million HKD.