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>BofAS Elevates CHOW TAI FOOK's TP to HKD15.4; Rating Reiterated Buy
According to a research report from BofA Securities, CHOW TAI FOOK (01929.HK) recorded a 9% YoY decline in net profit to HKD5.9 billion for FY25 ended March 2025, in line with the ...
Reset
Send
The window will close in 5 seconds
<Research>BofAS Elevates CHOW TAI FOOK's TP to HKD15.4; Rating Reiterated Buy
Close
Recommend
8
Positive
9
Negative
7
 
SHORT SELL
 
STOCK INFO

According to a research report from BofA Securities, CHOW TAI FOOK (01929.HK)  +0.660 (+5.375%)    Short selling $399.42M; Ratio 46.951%   recorded a 9% YoY decline in net profit to HKD5.9 billion for FY25 ended March 2025, in line with the broker's expectations.

Meanwhile, the company's revenue of HKD89 billion exceeded BofA Securities' expectations by 1%, but its GPM and operating profit margin fell short as escalating gold prices resulted in a worse-than-expected profit margin.

Related NewsUBS: CHOW TAI FOOK's Full-Yr OP Beats, but Div. Misses
CHOW TAI FOOK's same-store sales growth in Mainland China and Hong Kong for April to May were -2.7% and +1.3%, respectively, which showed improvement from the March quarter's -13% and -23%.

Believing that the continuous improvement in key operational indicators could support a stock re-rating, BofA Securities raised its target price for CHOW TAI FOOK by 12% to HKD15.4 and reiterated the Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-13 16:25.)

AAStocks Financial News
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.