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<Research>BOCI Raises LUK FOOK HOLD (00590.HK) TP to $29.2 as 1HFY2026 NP Beats
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LUK FOOK HOLD (00590.HK)'s 1HFY2026 net profit grew by 43% YoY to $619 million, exceeding BOCI's expectation, reflecting the Company's strong performance amid the expansion of product offerings and a recovery in industry sales, according to BOCI's research report. Looking ahead to FY2026, the broker expected LUK FOOK HOLD's results to benefit from multiple favorable factors, including lower inventory costs, manageable hedging losses, and more importantly, improved sales performance in the Hong Kong and Macau markets. These factors will help support the continued upward revision of the Company's valuation. Therefore, BOCI kept rating at Buy, and raised its target price to $29.2. AASTOCKS Financial News Website: www.aastocks.com |
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