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CHOW TAI FOOK Opens 3.8% Higher after Expecting Full-Yr NP to Climb 45-55%
Recommend 5 Positive 9 Negative 5 |
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CHOW TAI FOOK (01929.HK) opened 3.78% higher today (7th) at HKD11.25, with pre-market turnover of 1.3378 million shares, involving HKD15.0503 million. After market close yesterday (6th), CHOW TAI FOOK issued a positive profit alert, expecting the net profit of the Group for the year ended 31 March 2026 to increase by approximately 45-55% YoY. The increase is mainly attributable to the improvement in gross profit margin driven by higher gold prices, a more favorable sales mix towards retail business and fixed price jewellery, and operating leverage from disciplined cost management. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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