Kent Wong, Managing Director of CHOW TAI FOOK (01929.HK) +0.140 (+1.043%) Short selling $70.13M; Ratio 38.320% , said in an interview that the Group's sales in June continued to improve, expressing confidence that same-store sales will grow again throughout the year. Wong believed that the sales improvement is mainly due to the buoyant stock market, while consumption sentiment in mainland China is also steadily improving. Consumers have begun to digest geopolitical news, though their habits have changed, with a preference for experiences.Related NewsCiti Expects Gold Prices to Consolidate Around US$3,100-US$3,500 in 3QRegarding stores, Wong added that the Group is still in an adjustment period and will close more stores this year, aiming to complete the optimization of its store network in this fiscal year, and hoping to "relax a bit" next year at which time the Group will consider resuming expansion. He noted that same-store sales of new stores opened in the past 12 months were 30% higher than existing old stores. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-02 16:25.)