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Express News | Fortis Insurance will change its name to Chow Tai ?$#@$ Insurance in the third quarter of this year
Express News | ST Jinggu: Plans to raise capital of no more than 300 million yuan from the controlling shareholder
Bank Rating | Jefferies: Maintaining Tai Fook's “Buy” Rating, Target Price Reduced to HK$15.88
Glonghui, April 26 | Jefferies published a research report stating that it is believed that Chow Tai Fook's management strategy is to improve operating profit margins through years of rebranding, and believes it is the right direction. However, considering the relatively weak consumer sentiment in the Mainland and Hong Kong markets, the market and the bank's net profit forecast for Chow Tai ?$#@$ did not take into account strong sales growth and profit margin expansion. Currently, the stock's valuation is equivalent to predicting a price-earnings ratio of 12 times the 2025 fiscal year and a dividend rate of 5%, which is not considered expensive. Considering the year-end operating data for the fiscal year ending at the end of March, the bank increased Chow Tai FY 2024's earnings forecast by 4%, while the 2025 and 2026 fiscal years decreased by 2% and 6%, respectively. This line
Jefferies Adjusts Chow Tai Fook Jewellery Group's Price Target to HK$15.88 From HK$17.02, Keeps at Buy
Chow Tai Fook Jewellery Group (HKG:1929) has an average rating of outperform and price targets ranging from HK$8.50 to HK$19, according to analysts polled by CapitalIQ. Price (HKD): $10.74, Change: $-
Analysts Conflicted on These Consumer Cyclical Names: Prada SpA (OtherPRDSF) and Chow Tai Fook Jewellery Group (OtherCJEWF)
Huatai Securities: Gold prices are “booming”, and jewellery consumption differentiation, high-end and cost performance opportunities coexist
The Zhitong Finance App learned that Huatai Securities released a research report saying that against the backdrop of continuing to rise in international gold prices and a slow recovery in consumer confidence, the mentality of value preservation is driving a relatively rapid growth in gold and jewelry consumption. High-end jewelry contains opportunities: Reviewing the development process of European high-end jewelry. At the stage of economic, cultural, and consumer changes, high-end brands grasp changes in demand, build on their own positioning, and continue to occupy users' minds with products, services, and brands, and can go through the cycle and continue to grow. Most of China's listed gold and jewelry companies are positioned in the mass market, and their products are cost-effective. Through flexible channels and price strategies, leading brands can continue to increase their market share.
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