Citi: Initiated coverage on Chow Tai Fook Creation (00659) with a 'Buy' rating, riding the tailwinds of growth in Hong Kong's insurance industry.

Management disclosed that more than HKD 300 million has been generated from the divestment of non-core assets in the first half of fiscal year 2026, with potential future sales expected to bring an additional HKD 3 to 4 billion. The bank anticipates that the logistics properties recently acquired by the company will contribute to growth in attributable operating profit this year.

Zhitong FinanceApr 27 11:21 · Ratings

Citi Sticks to Its Buy Rating for NWS Holdings (NWSZF)

TipRanksApr 25 08:27 · Ratings

NWS Holdings Renews Major Connected-Party Service Agreements Ahead of 2026 Expiry

TipRanksApr 24 17:40

Citi has initiated coverage of NWS Holdings (00659.HK) with a "Buy" rating and a target price of HKD 10.6.

Citi issued a research report initiating coverage on Chow Tai Fook Creation (00659.HK) with a "Buy" rating and a target price of HKD 10.6. The bank is optimistic about Chow Tai Fook Creation, primarily based on: (1) a sustainable and increasing dividend policy (forecasted dividend yield for FY2026 is approximately 7%); (2) robust attributable operating profit (AOP) growth from the life insurance business through Chow Tai Fook Life (forecasted growth of 17% for FY2026); and (3) ongoing active capital recycling. Citi noted that Chow Tai Fook Creation has paid dividends annually since its listing 23 years ago, and free cash flow analysis shows dividend coverage over the past five years.

AASTOCKSApr 24 10:15

Chow Tai Fook (00659.HK)’s associated legal entity received a shareholding increase of 400,000 shares by Zheng Jiachun, valued at approximately HKD 4.4 million.

According to a report on April 9, based on the document disclosed by the Hong Kong Stock Exchange on April 9, Cheng Chia Chun increased his stake in the associated entity Chow Tai Fook Jewellery Group Limited (00659.HK) by purchasing 400,000 shares at an average price of HKD 11.0 per share on April 2, with a total value of approximately HKD 4.4 million. After the increase, Cheng Chia Chun's latest number of shares held in the associated entity amounts to 24,074,400 shares, representing a long position of 0.24%. Image Source: Hong Kong Stock Exchange Equity Disclosure. What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange, major shareholders...

Futu NewsApr 9 17:10

Zhitong HK Stock Investment Diary | April 9

Hong Kong Stock Investment Diary | April 9, 2026

Zhitong FinanceApr 9 00:00