CHOW TAI FOOK (01929.HK) +0.290 (+2.629%) Short selling $111.89M; Ratio 42.752% delivered mixed results for 4FQ, BOCI said in its research report. Dragged down by an 8.2% decline in retail sales in the Mainland China market, the company's overall retail sales fell by 1.5% YoY.In addition, demand for gold products by weight remained weak, as consumers largely adopted a wait-and-see attitude because of gold price volatility. On the bright side, the price differential arising from adjustments to China's value-added tax policy boosted store traffic markedly in Hong Kong and Macau.CHOW TAI FOOK's management confirmed all core guidance targets for FY26 are achievable. Such a confirmation should alleviate market concerns. Following the recent share price pullback, BOCI reiterated a Buy rating on the company, with a target price of HKD18.1.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)
AASTOCKS Financial News