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<Research>Daiwa Expects CHOW TAI FOOK (01929.HK) 2H Results Guidance to Be Conservative, Lifts TP to $18
Recommend 0 Positive 4 Negative 2 |
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CHOW TAI FOOK (01929.HK) announced its 1HFY2026 results for the period ended September, with revenue and net profit being 2-3% below market consensus, according to Daiwa's research report. However, the broker believed that there are more positive factors than the negative ones in the results. With the increase in CHOW TAI FOOK's dividend yield and DPS, the Company raised its 2HFY2026 guidance, which is still considered conservative by Daiwa. Based on revised profit margin forecasts, Daiwa lifted its 2026-2028 EPS forecasts for CHOW TAI FOOK by 2-5%, and its 12-month target price from $15.5 to $18. The broker also kept its 18x projected PE ratio unchanged, and reiterated rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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