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Pinning Down Chow Tai Fook Jewellery Group Limited's (HKG:1929) P/E Is Difficult Right Now
With a price-to-earnings (or "P/E") ratio of 15.6x Chow Tai Fook Jewellery Group Limited (HKG:1929) may be sending very bearish signals at the moment, given that almost half of all companies in Hong K
Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: CarMax (KMX), Star Entertainment Group Limited (OtherEHGRF) and Chow Tai Fook Jewellery Group (OtherCJEWF)
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
Bank of America Securities: Reiterates Chow Tai Fook's (01929) “Neutral” Rating and Lowers Target Price to HK$12.1
The Zhitong Finance App learned that Bank of America Securities released a research report stating that it reaffirmed Chow Tai Fook's (01929) “neutral” rating. The target price was lowered from HK$13.2 to HK$12.1 to reflect that profit growth in the 2025 and 2026 fiscal years was slower than the long-term average due to the slow growth rate of Chow Tai Fook's POS retail system. The company's operating data for the fourth quarter of fiscal year 2024 fell short of the bank's and market expectations. The bank expects the company's same-store sales growth in March to slow down from the same year-on-year level in January and February of this year. The number of store closures in the Mainland was also higher than expected during the period. The bank believes that the rise in gold prices may not necessarily be right
Chow Tai Fook Shares Slump After Surprise China Store Closures
By Tracy Qu Chow Tai Fook Jewellery's shares fell after the Hong Kong-based jeweler reported a surprise net closure of stores in China in the latest quarter, causing analysts to flag risks to their e
[Broker Focus] Dongwu Securities maintains Chow Tai Fook's (01929) “buy” rating due to partial store closures to cut net profit forecasts for the next three years
Jinwu Financial News | According to Dongwu Securities Research Report, retail sales in the Mainland of FY2024Q4 (01929) grew 12.4% year on year: Chow Tai ?$#@$ released FY2024Q4 operating data (corresponding to the natural year Q1, same below). FY2024Q4 Group retail sales grew 12.4% year on year, with retail sales in mainland China growing 12.4% year on year, and retail sales in Hong Kong, Macao and other regions of China grew 12.8% year on year. Looking at the same stores, retail sales at the same store in mainland China fell 2.7% year on year in FY2024Q4, mainly due to FY2023's high base for the same period. Hong Kong and Macau
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