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【Brokerage Focus】Tianfeng maintains a "Buy" rating on CHOW TAI FOOK (01929), indicating strong consumer demand for finely crafted gold products with emotional connections.
Jinwu Financial News | Tianfeng Research Reports indicate that CHOW TAI FOOK (01929) released key Operation data for FY25Q4. As of March 31, 2025, the company's retail value decreased by 11.6% year-on-year in the three months (FY25Q4), with retail value in Mainland China decreasing by 10.4%, accounting for 89.6% of the total. The report states that despite the uncertain macroeconomic environment, strong sales of Gold, diamond, and other gemstone products benefited the company, showing a significant narrowing trend in the decline of same-store sales for jewelry, Platinum, and K-gold jewelry for FY25Q4 in Mainland China. The report mentions that Consumer demand for exquisite craftsmanship, unique design, and emotionally connected Gold products is rising.
【Special Guest V】Deng Shengxing: The Hong Kong stock market has not been affected by the uncertainty of tariffs, and the Hong Kong stock market is showing signs of improvement.
Jinwu Financial News | The Hang Seng Index closed at 22,662 on Tuesday (6th), up 158 points or 0.7%. The total market turnover for the day was 213.3 billion yuan. The National Index rose by 0.4%, closing at 8,261; the Tech Index fell by 0.1%, closing at 5,239. Oil prices dropped, creating a new four-year low, along with the strengthening of the yuan, leading to strong support for the Aviation/airlines Industry. China Eastern Airlines (00670) surged 7.3%, closing at 2.5 yuan; during the May Day Golden Week in Macau, visitor numbers were robust, up 25.6% from last year, drawing attention to the gambling stocks. Sands China (01928) rebounded 5.4%, closing at 14.96 yuan; the Dow Jones closed at 40,829 on Tuesday (6th).
CHOW TAI FOOK (01929) rose by 3.13%, institutions indicated that the company's sales improved significantly in March.
Jinwu Financial News | CHOW TAI FOOK (01929) stock price has risen, as of the time of writing, up 3.13%, reported at 9.87 Hong Kong dollars, with a transaction volume of 43.37 million Hong Kong dollars. On the news front, Credit Lyonnais issued a Research Report stating that CHOW TAI FOOK's operational performance for the fiscal year ending in March of this year met market expectations and exceeded the bank's expectations for the same period. The bank believes that CHOW TAI FOOK's current stock price reflects the improvement in fixed price product mix, but more visibility is needed for sustained same-store sales growth trends, thus raising the Target Price from 7.5 Hong Kong dollars to 9 Hong Kong dollars. China International Capital Corporation noted that the company's sales in March improved significantly, seen as a positive signal, and also anticipates that USA President Trump...
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