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CHOW TAI FOOK (01929) rose by 3.13%, institutions indicated that the company's sales improved significantly in March.
Jinwu Financial News | CHOW TAI FOOK (01929) stock price has risen, as of the time of writing, up 3.13%, reported at 9.87 Hong Kong dollars, with a transaction volume of 43.37 million Hong Kong dollars. On the news front, Credit Lyonnais issued a Research Report stating that CHOW TAI FOOK's operational performance for the fiscal year ending in March of this year met market expectations and exceeded the bank's expectations for the same period. The bank believes that CHOW TAI FOOK's current stock price reflects the improvement in fixed price product mix, but more visibility is needed for sustained same-store sales growth trends, thus raising the Target Price from 7.5 Hong Kong dollars to 9 Hong Kong dollars. China International Capital Corporation noted that the company's sales in March improved significantly, seen as a positive signal, and also anticipates that USA President Trump...
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Lyon: Raised CHOW TAI FOOK's Target Price to 9 Hong Kong dollars, maintaining a Hold rating.
Citi published a Research Report stating that CHOW TAI FOOK (01929) had operating performance for the fiscal quarter ending at the end of March this year that met market expectations and exceeded the bank's expectations for the same period. The bank believes that CHOW TAI FOOK's current stock price reflects the improvement in the fixed-price product mix, but more visibility on the continued trend of same-store sales growth is needed. Therefore, the Target Price is raised from HKD 7.5 to HKD 9, maintaining a "Hold" rating. During the quarter, fixed-price products accounted for 26% of CHOW TAI FOOK's sales, approximately 20% for the entire year, higher than the guided target of 15% to 16%. The bank has raised its sales and Net income forecasts for the company for the fiscal years 2025 to 2027 by 1% to 3%, in order to...
Citi: Raises the Target Price of CHOW TAI FOOK (01929) to HKD 10.2 and maintains a "Buy" rating.
Citibank has adjusted the forecast of CHOW TAI FOOK (01929) for the adjusted Net income for the fiscal years 2025 to 2027, raising it by 19%, 11%, and 4% respectively, in response to the latest performance for the fourth fiscal quarter ending March this year and the strengthening gold prices, which may drive up the gross margin.
