01929 CHOW TAI FOOK
- 10.300
- -0.200-1.90%
CHOW TAI FOOK News
Chow Tai Fook Jewellery Group: A Resilient Buy Amidst Retail Segment Challenges
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: $-
Analysts Conflicted on These Consumer Cyclical Names: Prada SpA (OtherPRDSF) and Chow Tai Fook Jewellery Group (OtherCJEWF)
Huatai Securities: Gold prices are “booming”, and jewellery consumption differentiation, high-end and cost performance opportunities coexist
The Zhitong Finance App learned that Huatai Securities released a research report saying that against the backdrop of continuing to rise in international gold prices and a slow recovery in consumer confidence, the mentality of value preservation is driving a relatively rapid growth in gold and jewelry consumption. High-end jewelry contains opportunities: Reviewing the development process of European high-end jewelry. At the stage of economic, cultural, and consumer changes, high-end brands grasp changes in demand, build on their own positioning, and continue to occupy users' minds with products, services, and brands, and can go through the cycle and continue to grow. Most of China's listed gold and jewelry companies are positioned in the mass market, and their products are cost-effective. Through flexible channels and price strategies, leading brands can continue to increase their market share.
Express News | Chow Tai Fook's faded ring was confirmed to be pure gold
Huatai Securities: International gold prices continue to rise, and the mentality of value preservation drives rapid growth in gold and jewelry consumption
Against the backdrop of continued rise in international gold prices and a slow recovery in consumer confidence, the mentality of value preservation is driving a relatively rapid growth in gold and jewelry consumption.
Chow Tai ?$#@$ (1929.HK): Steady growth channel efficiency for gold jewelry from January to March will become a strategic focus
Core view The retail value of the company increased 12.4% year on year in FY24Q4 (corresponding to January 1, 2024). Among them, retail value in mainland China increased 12.4% year on year, and retail value in Hong Kong, China, Macau and other markets increased year on year
Express News | Market news: Chow Tai ?$#@$ is about to complete an ESG loan equivalent to HK$4.2 billion.
Chow Tai ?$#@$ (01929.HK): Retail value increased steadily by +12.4% year-on-year during the quarter, overall store efficiency increased steadily
Event: The company released key operating data for the three months ended March 31, 2024. FY24Q4 Group's sales revenue was +12.4% YoY, with retail value in mainland China +12.4% YoY, Hong Kong, China and Macau
Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: CarMax (KMX), Star Entertainment Group Limited (OtherEHGRF) and Chow Tai Fook Jewellery Group (OtherCJEWF)
Chow Tai ?$#@$ (01929.HK): Net store openings fell short of expectations, franchisees contributed to major sales growth
Core view: Incident: The company issued an FY24Q4 business announcement, and the company's retail value increased 12.4% year on year; consumer demand for the Q4 holiday season was strong, but the base for the same period was high. The retail value in the mainland China market increased 12.4% year on year, and the port of China increased by 12.4% year on year.
Changes in Hong Kong stocks | Chow Tai ?$#@$ (01929) fell more than 3%, net closure of 89 stores in the fourth fiscal quarter, and gold prices rose or put pressure on gross margin
The Zhitong Finance App learned that Chow Tai ?$#@$ (01929) plummeted nearly 8% yesterday and fell more than 3% today. As of press release, it decreased by 3.44% to HK$10.1, with a turnover of HK$38.1087 million. According to a research report released by Lyon, Chow Tai ?$#@$ closed a net of 89 sales points in the fourth quarter of fiscal year 2024 and opened a net of 143 sales points throughout the year. It failed to meet the earlier target of opening 300 to 400 stores. This is the same as the bank's concerns about the company. The bank said that strong demand for gold is a double edge in terms of gross margin. Even if rising gold prices help, the share of gold product sales continues to increase
Big Bank Rating | Macquarie: Lowering Chow Tai Fook's Target Price to HK$8.5 to “Outperform the Market”
Glonghui, April 16 | According to the Macquarie Research Report, Chow Tai ?$#@$ closed a net of 89 sales points in the Mainland in the fourth quarter of FY2024, failing to meet the target set earlier to open a net of 300 sales points in FY2024. Management has stated that the company will focus on improving store efficiency to drive business growth. It is expected that the store closure rate will remain around 5% in FY2025, and they will also be cautious about opening new stores. The bank reduced the company's target price by 9.6% from HK$9.4 to HK$8.5, with a rating of “outperforming the market”. Considering the trend of slowing same-store sales and cautious store opening goals, the bank also traded the company 202
Bank Rating | Goldman Sachs: Giving Tai ?$#@$ a “neutral” rating will still face weak sales pressure in the short term
Glonghui, April 16 | Goldman Sachs released a report saying that in the fourth fiscal quarter ending the end of March, same-store sales in mainland China fell 2.7% year-on-year, lower than management guidelines, but slightly better than the bank's expected 5% decline. There was a net decrease of 95 stores during the quarter; the net increase in 2024 was 126, less than the bank's anticipated net increase of 200 and 300 to 400 stores as directed by management. However, it was offset by the franchise's better performance. At the management meeting, positive messages included the franchisee's better same-store sales performance, improved product portfolios driving higher profit margins, and rising gold prices supporting brand upgrading. This bank indicates that Chow Tai ?$#@$ is
Chow Tai ?$#@$ (01929.HK): Retail sales grew steadily in January-March and continued to promote store optimization and efficiency
Issue: The company released unaudited main operating data for January-March 2024. Overall retail value increased 12.4% year-on-year, with retail sales in the Chinese market (excluding Hong Kong, Macao and Taiwan) increasing by 12.4% year-on-year, Hong Kong, China and Macau
Hong Kong stocks closed down, the Hang Seng Index closed down 0.72% and the Tech Index closed down 0.92%. Chow Tai ?$#@$ closed down about 8%, Shangtang closed down about 6%, and Xiaopeng Motors closed down about 5%.
Hong Kong stocks closed down, the Hang Seng Index closed down 0.72% and the Tech Index closed down 0.92%. Chow Tai ?$#@$ closed down about 8%, Shangtang closed down about 6%, and Xiaopeng Motors closed down about 5%.
Chow Tai Fook Shares Slump After Surprise China Store Closures
By Tracy Qu Chow Tai Fook Jewellery's shares fell after the Hong Kong-based jeweler reported a surprise net closure of stores in China in the latest quarter, causing analysts to flag risks to their e
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