News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>DBS Lifts LUK FOOK HOLD (00590.HK) TP to $21.03, Rating Buy
Due to the recent market volatility, investors increased their holdings of gold due to rising economic uncertainties, while some central banks also bought more gold amid low global...
Reset
Send
The window will close in 5 seconds
<Research>DBS Lifts LUK FOOK HOLD (00590.HK) TP to $21.03, Rating Buy
Close
Recommend
6
Positive
5
Negative
3
 
SHORT SELL
 
STOCK INFO

Due to the recent market volatility, investors increased their holdings of gold due to rising economic uncertainties, while some central banks also bought more gold amid low global visibility and concerns over the Russian asset freeze, DBS Group Research issued a research report saying.

The market is forecasting a rise in gold prices of more than 10% by the end of 2025. LUK FOOK HOLD (00590.HK)  -0.260 (-1.429%)    Short selling $736.56K; Ratio 14.119%   's retailing revenue in mainland China hiked 1% YoY in 4FQ ended March benefiting from potential growth in gold demand under uncertain times, and fell 11% in Hong Kong and Macau, representing a sharp improvement from the previous quarter.

As LUK FOOK HOLD's gold hedging loss may be higher than originally expected, DBS Group Research lowered its FY2025/ FY2026 net profit forecasts by 11%/ 10% respectively, and kept rating at Buy. The broker also extended its valuation base to FY2026, and lifted its target price to $21.03 from $17.42 based on a target PE ratio of 8x.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

AAStocks Financial News
Website: www.aastocks.com
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.