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LUK FOOK HOLD (00590.HK) net reduced the number of stores by 125 in the first quarter.
According to Gelonghui on July 17, LUK FOOK HOLD (00590.HK) announced that, under effective brand promotion and product differentiation strategies, the performance in all markets during the first quarter has continued to improve. The mainland market showed a strong performance, with retail value and retail income increasing by 14% and 31%, respectively, and same-store sales rising by 19%. The Hong Kong, Macau, and overseas markets have also recovered, with retail value and retail income increasing by 9% and 8%, respectively; same-store sales increased by 3%, with the overseas market showing a nearly 20% increase. The same-store sales of the group's priced jewelry products increased by nearly 20%, with priced Gold products experiencing a 73% growth, thus the retail value of priced Gold products accounted for
Zhou Liu Fu rose in the afternoon, with high growth in the retail sales of gold, silver, and jewelry, and the company's profitability leads its peers.
According to news reports, data from the National Statistics Bureau shows that from January to June, the retail sales of gold, silver, and jewelry grew by 11.3% year-on-year, with the Industry accelerating growth after entering last year's low baseline phase in the second quarter.
"New consumption stocks" lose their luster as Lao Pu Gold (06181.HK) and Zhou Liu Fu (06168.HK) decline against the trend.
Market is watching external tariff news and the meeting of senior officials from China and the United States this afternoon (11th). Hong Kong stocks continued the upward trend from the previous day, rising by as much as 445 points this morning, reaching a high of 24,473, and are currently reported at 24,466, an increase of 438 points or 1.8%, with a trading volume of 167.056 billion yuan. The market favors Chinese brokerage stocks with a stable concept of stablecoins, Wuxi AppTec which issued positive earnings forecasts, and heavyweight Network Technology stocks, while the previously popular 'new consumption stocks' have cooled down, with stock prices varying. Chow Tai Fook (06181.HK) opened flat today but fell, previously dropping 8.3% against the trend to a low of 932 yuan. It is currently reported at 944.5 yuan, down 7.04%.
The report "Large Firms" by SWHY lists the forecasted potential symbols for inclusion in the Hong Kong Stock Connect for September (table).
Recently, SWHY released a report listing the potential candidates for inclusion in the Hong Kong Stock Connect for September: Ying'en Biological - B (09606.HK), Shandong Nanshan Aluminium (2610.HK), BLUE MOON GROUP (06993.HK), Caocao Mobility (02643.HK), Konka Optical (02276.HK), TIME INTERCON (01729.HK), Zhengli New Energy (03677.HK), Yunzhisheng (09678.HK), IFBH (06603.HK), ENVISION GREEN (01783.HK), and Yaojie Ankang - B (02617.HK), Zhou Liu Fu (0616.
Express News | Beijing will add over 0.39 million square meters of commercial space.
This week's Hong Kong stock market hot stocks | New stocks are surging! Cloud's earnings have increased by over 60%, the parent company of 'if coconut water' IFBH has risen nearly 50%; Shandong Nanshan Aluminium International has increased by over 30%, wi
CHONGQING IRON saw a weekly increase of over 43%, with Institutions noting that the decline in steel mill costs has been quite significant, leading to a recovery in profit levels.