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<Research>CICC Raises LUK FOOK GROUP (00590.HK) TP to $34.31 as 3FQ26 Growth Beats
Recommend 4 Positive 5 Negative 2 |
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LUK FOOK GROUP (00590.HK)'s growth exceeded expectations in 3FQ26 ended December 2025, CICC published a research report saying. Its retail value increased by 26% YoY, with retail sales in mainland China, Hong Kong & Macau, overseas regions growing by 26% and 20% respectively. CICC maintained its 2026/ 2027 EPS forecasts for the Group at $2.7/ $3.02, while its current share price corresponds to a projected PE ratio of 10x/ 9x for 2026/ 2027, respectively. Therefore, the broker kept rating at Outperform. Considering the valuation uplift brought by improved industry prosperity, CICC raised its target price by 12% to $34.31, corresponding to projected PE ratios of 13x/ 11x for 2026/ 2027, offering a 25% upside room. AASTOCKS Financial News Website: www.aastocks.com |
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