Chow Tai Fook (01929.HK) received a shareholding of 2.3038 million shares from executive director Cheng Jiachun.

According to the latest equity disclosure information from the HKEX, on 17-18 June 2024, Chow Tai Fook (01929.HK) director Zheng Jiachun acquired a total of 2.3038 million shares at an average price of HKD 8.70-8.798 per share, with a total investment of approximately HKD 20.2639 million. After the shareholding, Zheng Jiachun's latest shareholding number increased from 0.01% to 0.03%, with 3.0594 million shares held.

Gelonghui Finance20:29 ET

CHOW TAI FOOK: Annual Report 2024

Hong Kong Stock Exchange18:14 ET · Announcements

Brokerage Focus: China Merchants Securities maintains a 'strong recommendation' rating on Chow Tai Fook (01929), citing its brand power, product power, and channel advantages.

Jingu Caixun | China Merchants Securities issued a research report stating that Chow Tai Fook (01929) released the 2024 fiscal year performance announcement and 2024 business data from April to May. The company achieved revenue of HKD 108.713 billion in FY24, a year-on-year increase of 14.82%; net income attributable to shareholders was HKD 6.499 billion, a year-on-year increase of 20.71%. The company added a net of 143 stores during the fiscal year, including 21 self-operated stores and 122 franchise stores. From April to May 2024, the company's revenue decreased by 20.2% year-on-year, and terminal sales of gold were under pressure due to high volatility in gold price. The bank stated that the company is a gold

金吾財訊Jun 19 02:04 ET

Brokerage focus: Western brokerage maintains a "shareholding" rating for Chow Tai Fook (01929), pointing out that the high price of gold has a heavier terminal observation sentiment.

According to a research report by Western Securities, Chow Tai Fook (01929) announced its full-year performance as of March 31, 2024: FY24 achieved revenue of HKD 108.713 billion, a YoY increase of 14.8%; and a net income attributable to the parent of HKD 6.499 billion, a YoY increase of 20.7%. (2) The company released its business data for April-May 2024: mainland China retail value decreased by 18.8% YoY, same-store sales decreased by 27.6% YoY; Hong Kong, Macau and other markets retail value declined by 29.0% YoY, same-store sales decreased by 32.0%; group retail value declined YoY.

金吾財訊Jun 18 02:08 ET

Brokerage focus: Open source securities maintain a "buy" rating on Chow Tai Fook (01929), indicating that it has established brand, product, channel and other competitive advantages.

According to an open securities research report, Chow Tai Fook (01929) released its annual report: in FY2024, it achieved revenue of HKD 108.713 billion (+14.8% YoY, the same below) and a net income attributable to its parent of HKD 6.499 billion (+20.7%), and its operating performance has steadily recovered and grown. The company's sales in Mainland China are steadily recovering, and the sales performance in markets outside Mainland China is impressive. In addition, the company is embarking on a journey of medium-term transformation, heading towards its centenary milestone, and continuing to firmly improve its brand power. Considering the continuing recovery of consumer confidence, the bank has lowered its profit forecast for the company for the fiscal years 2025-2026 and added 20.

金吾財訊Jun 17 02:43 ET

Major banks rating | Credit Suisse: Downgrade Chow Tai Fook's target price to HK$11. Performance exceeded expectations, but disappointing dividends.

Morgan Stanley's research report stated that Chow Tai Fook's performance in the 2024 fiscal year was better than the market consensus, but the dividend performance was disappointing mainly because the company intends to maintain high cash reserves for operational purposes under the high gold price and macroeconomic uncertainties. The demand for jewelry market remains weak, and Chow Tai Fook's same-store sales growth in Mainland China, Hong Kong, and Macau is also weak. However, the situation is not as bad as expected earlier. The bank expects that as the gold price gradually stabilizes, the sales momentum from June to now may improve compared to the previous quarter. Although Chow Tai Fook's revenue prospects are full of challenges, Morgan Stanley also pointed out

Gelonghui FinanceJun 16 22:43 ET