01929 CHOW TAI FOOK
- 11.120
- +0.200+1.83%
CHOW TAI FOOK News
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: $-
Jefferies: Maintain Chow Tai Fook's “Buy” rating and reduce the target price to HK$15.88
Jefferies released a research report stating that while maintaining Chow Tai Fook's (01929) “buy” rating, the target price was reduced from HK$17.02 to HK$15.88. The bank believes that Chow Tai Fook's management strategy is to improve operating profit margins through years of rebranding, and believes it is the right direction. However, considering the relatively weak consumer sentiment in the Mainland and Hong Kong markets, the market and the bank's net profit forecast for Chow Tai ?$#@$ 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 weekly
Analysts Conflicted on These Consumer Cyclical Names: Prada SpA (OtherPRDSF) and Chow Tai Fook Jewellery Group (OtherCJEWF)
[Hong Kong Stock Connect] Chow Tai ?$#@$ (01929) rose more than 3%, HSBC research indicates quarterly jewellery consumption remains resilient
Jinwu Financial News | Chow Tai ?$#@$ (01929) continued to rise in the intraday period. As of press release, it reported HK$10.74, up 3.27%, with a turnover of HK$16.127 million. According to a report published by HSBC Global Research, Chow Tai ?$#@$ (01929)'s jewellery consumption remained resilient in the 2024 fiscal year ending the end of March this year, and the Group's total retail sales value (RSV) growth performance was superior to the average of the mainland, Hong Kong and Macau industries. The bank expects the Group's full-year revenue to increase by 15.6% year-on-year, reaching the target limit of 15% of the low double-digit growth forecast by management. Due to operating leverage and stable core gross profit margins, the bank also
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
Buy Rating for Chow Tai Fook Jewellery: Strategic Store Closures and Revenue Growth Outlook
Research and Nuggets | Cathay Pacific Junan: Giving Zhou Taifu's “increased” rating for gold products will continue to prosper
According to a research report published by Cathay Pacific Junan Securities, Chow Tai Fook's results for the fourth quarter of fiscal year 2024 were in line with expectations. Sales in the Mainland, Hong Kong and Macau all recorded increases during the quarter, mainly supported by strong consumer demand for gold and jewellery and the continued resumption of inbound tourism. The report also mentioned that there was a net decrease of 89 jewellery retail outlets in the Mainland, and a net increase in stores is expected in FY2025. The bank believes that gold products will continue to be booming, while mosaic products are relatively weak in a challenging macroeconomic environment due to the impact of the economic cycle. The bank's target price for the company is HK$16.8, with a rating of “increase in holdings”.
Changes in Hong Kong stocks | Chow Tai ?$#@$ (01929) opened more than 5% lower, retail sales increased 12.4% year-on-year in the previous March and closed 89 stores net during the period
The Zhitong Finance App learned that Chow Tai ?$#@$ (01929) opened more than 5% lower in early trading. As of press release, it had a decrease of 5.28% to HK$10.76, with a turnover of HK$7.153,900. According to the news, Chow Tai ?$#@$ released operating data for the fourth fiscal quarter (January-March 2024). The Group's overall retail sales increased 12.4% year over year. Among them, retail value in mainland China increased by 12.4%, while retail value in Hong Kong, Macau and other markets increased by 12.8%. In terms of same-store sales, same-store sales in mainland China decreased by 2.7% year-on-year in the fourth quarter. CICC pointed out that the company closed 89 companies in the fourth fiscal quarter, Chow Tai Fu
Chow Tai Fook Jewellery Reports 12.4% RSV Growth for Q1
Chow Tai Fook Jewellery Group (HKG:1929) recorded a year-over-year retail sales value (RSV) growth of 12.4% for the three months through March 2023, according to Friday's filing with the Hong Kong bou
Retail value of Chow Tai ?$#@$ (01929) increased 12.4% year-on-year in the fourth quarter
Chow Tai ?$#@$ (01929) announced a number of unaudited users for the 3 months ended March 31, 2024 (fourth quarter)...
Giordano International Names Chairman, CEO
Giordano International (HKG:0709) appointed Patrick Tsang as chairman of the board, effective April 5, according to a filing with the Hong Kong bourse on the same day. Tsang, who was named non-executi
Online Jewelry Market Size Is Set to Grow by USD 36.23 Bn From 2023-2027, CHANEL Ltd., Chow Tai Fook Jewellery Group Ltd. and Compagnie Financiere Richemont SA, and More to Emerge as Some of the Key Vendors, Technavio
The global online jewelry market size is estimated to grow by USD 36.23 bn from 2023 to 2027, according to Technavio. The market is estimated to grow ...
Returns on Capital Paint A Bright Future For Chow Tai Fook Jewellery Group (HKG:1929)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. In a perfect world, we'd like to see a company investing more cap
Citi: Maintain Chow Tai Fook's (01929) “Buy” rating and reduce the target price to HK$14.2
Citi cut Chow Tai Fook's net profit forecast for the 2024-2026 fiscal year by 2% to 5%.
Changes in Hong Kong stocks | Chow Tai ?$#@$ (01929) rose more than 6%, Citibank predicts future gold prices may exceed 750 yuan/gram
Chow Tai ?$#@$ (01929) rose more than 6%. As of press release, it had risen 5.8% to HK$12.76, with a turnover of HK$164 million.
Analysis
Price Target
No Data
