LUK FOOK HOLD (00590) News

Hong Kong Stock Market Update | Luk Fook Holdings (00590) Rises Over 6% Again; Full-Year Net Profit Expected to Increase by Over 80% Year-on-Year; Valuation Recovery Anticipated if Gold Prices Stabilize

Luk Fook Holdings (00590) rose further by over 6%. As of the time of writing, it was up 5.88% at HK$22.70, with a trading volume of HK$36.2306 million.

Zhitong FinanceJun 12 15:04

Global Equities Roundup: Market Talk

WSJJun 11 16:42

Luk Fook's FY 2027 Profit Likely to Fall as Margins Normalize -- Market Talk

WSJJun 11 16:42

Luk Fook Target Price Cut to HK$30.20 From HK$32.80 by Citi Research >0590.HK

Dow JonesJun 11 16:31 · Ratings

Goldman Sachs: Luk Fook Holdings (00590) profit warning beats expectations, driven by structural and one-off factors; maintains 'Neutral' rating

Looking ahead, although lower-cost inventory is expected to continue contributing to margin benefits in the first half of fiscal year 2027, gold price movements will be a key source of volatility for profit margins.

Zhitong FinanceJun 11 15:25 · Ratings

Guosen Securities: The 618 Shopping Festival Reflects a New Shift in AI and Distribution Channels; High-Quality Market Leaders Demonstrate Resilience

Maintain an "outperform" rating for the commercial and retail sector.

Zhitong FinanceJun 11 14:29

〈Major Broker〉Luk Fook Holdings (00590.HK) Rises 4.6% at Midday; Goldman Sachs Notes Profit Warning Beats Expectations, Driven by Structural and One-Off Factors, Maintains 'Neutral' Rating

Luk Fook Holdings (00590.HK) opened 4.1% higher today (the 11th), reaching an intraday high of HK$22.44. At midday, it closed at HK$21.44, up 4.59%, with trading volume of 1.995 million shares and turnover of HK$436.434 million. Goldman Sachs issued a research report noting that Luk Fook released a profit pre-announcement after market close on June 10 for the fiscal year ending March 31, 2026, expecting net profit before non-controlling interests to increase by approximately 80% to 90% year-over-year, implying net profit of HK$1.9 billion to HK$2.0 billion—14% to 20% above the firm’s prior estimate of HK$1.7 billion. In the second half of fiscal year 2026, its net profit

AASTOCKSJun 11 12:03

Hong Kong Stock Market Update | Luk Fook Holdings (00590) Rises Over 6% After Profit Warning; Full-Year Profit Expected to Increase by Approximately 80%–90% Year-on-Year

Luk Fook Holdings (00590) rose more than 6% following its profit warning. As of the time of reporting, it was up 6.54% at HK$21.84, with a trading volume of HK$4.2986 million.

Zhitong FinanceJun 11 09:35

Selected HKEX Announcements | Hesai Group's LiDAR shipments in May surged more than threefold year-over-year; Seazen Holdings' sales reached RMB 5.4 billion year-to-date

① Hesai LiDAR shipments increased by more than threefold year-over-year; which business segments showed strong growth? ② Seazen Development achieved sales of RMB 5.4 billion this year; how has its recent performance been?

cls.cnJun 10 20:44

Luk Fook Holdings (00590.HK) issues profit alert: expects net profit for fiscal year 2026 to increase by 80% to 90% year-on-year

Gelonghui, June 10 — Luk Fook Holdings (International) Limited (HKEX: 00590) announced that for the fiscal year ended March 31, 2026 (“FY2026”), the Group expects net profit for the year to increase by approximately 80% to 90% compared to the same period last year. This significant growth in overall profitability is primarily attributable to higher gold prices, effective product differentiation, and sales strategies that have increased the proportion of sales from priced jewelry products, as well as operational leverage, all of which have contributed to improved profit margins.

Gelonghui FinanceJun 10 16:59

六福集團：正面盈利預告

HKEXJun 10 16:57 · Announcements

Citi maintains bearish outlook on gold, lowering short-term target price to USD 4,000 per ounce

Citi published a report stating that gold closed below its 200-day moving average for the first time since September 2023, following strong U.S. employment data released last Friday (the 5th). The bank maintains a bearish outlook on gold and has lowered its price target for the next 0–3 months from USD 4,300 per ounce to USD 4,000. The report noted that sustaining current gold prices would require physical gold purchases to continue at a pace of approximately USD 900 billion annually, compared with a historical norm of USD 250–400 billion per year between 2010 and 2024 (in today’s dollars). The bank expressed concern that if the Strait of Hormuz remains disrupted throughout the summer…

AASTOCKSJun 9 11:00

Shares of gold jewelry companies continued their downward trend, with gold jewelry prices falling by RMB 400 this year, nearly erasing all gains recorded earlier in the year.

Gold jewelry stocks continued their decline. As of the time of writing, Laopu Gold (06181) fell 4.08% to HK$479.6; Chow Sang Sang (00116) dropped 3.39% to HK$10.27; Luk Fook Holdings (00590) declined 1.65% to HK$20.24; and Chow Tai Fook (01929) fell 1.29% to HK$11.46.

Zhitong FinanceJun 8 10:10

Luk Fook Sets June Board Meeting to Approve Annual Results and Mull Final Dividend

TipRanksJun 5 20:12

LUK FOOK HOLD: DATE OF BOARD MEETING

HKEXJun 5 19:48 · Announcements

Hong Kong Market Movement | Gold Jewelry Stocks Decline Across the Board as Domestic Brand Gold Jewelry Prices Fall Sharply; Institutions Note Continued Decline in Gold Jewelry Consumption by Ton

Gold jewelry stocks declined across the board. As of the time of writing, Chow Tai Fook (01929) fell 4.55% to HK$10.91; Laopu Gold (06181) dropped 4.15% to HK$480.20; Chow Sang Sang (00116) declined 2.71% to HK$10.41; and Luk Fook Holdings (00590) decreased 1.89% to HK$20.76.

Zhitong FinanceMay 28 11:45

Stock Movement in Hong Kong | Jewelry stocks collectively decline as the price per gram of gold plummets by 300 yuan this year; institutions note divergence between jewelry and investment gold demand.

Shares of jewelry companies collectively declined. As of press time, Zhou Liu Fu (06168) fell 4.7%, trading at HKD 17.83; Luk Fook Holdings (00590) dropped 4.35%, trading at HKD 21.56; Chow Sang Sang (00116) fell 4.34%, trading at HKD 11.24; Chow Tai Fook (01929) decreased by 2.34%, trading at HKD 10.83.

Zhitong FinanceMay 18 15:28

Sukiya, a Japanese gyudon restaurant chain, has leased two adjoining shops from RLI Corporation (00590.HK) in North Point for a monthly rent of HK$380,000.

Market sources revealed that Sukiya, a Japanese beef bowl chain, has leased the ground-floor units 1 and 2 of Ming Yuan Centre located at 400-404 King's Road in North Point for HKD 380,000 per month. The property has a total floor area of approximately 2,800 square feet and had been available for rent since September last year. It was eventually leased by Sukiya without negotiation at a rent of approximately HKD 136 per square foot, with a four-year lease term. It is reported that Lukfook Jewellery (00590.HK) previously rented the same unit for HKD 350,000 per month. Therefore, this represents a rent increase of HKD 30,000, or 8.6%, for Sukiya.

AASTOCKSMay 4 09:14

Wai Sheung Wong Spends HK$2.7m On Luk Fook Holdings (International) Stock

Simply Wall StMay 2 07:24

Huang Lansi, Executive Director and Deputy CEO, increased her holding in Lukfook Holdings (00590) by 13,000 shares at an average price of approximately HKD 22.46 per share.

On April 24, Huang Lansi, Executive Director and Deputy CEO, increased her holding in Lukfook Holdings (00590) by 13,000 shares at a price of HKD 22.4554 per share, with a total transaction amount of approximately HKD 291,900.

Zhitong FinanceApr 27 19:02