Movement Alert|CHOW TAI FOOK Falls 3.18% in Regular Trading, Sustained Gold Price Weakness Drags Jewelry Sector

Market Focus
09/11

On September 11, CHOW TAI FOOK fell 3.18% in regular trading, trading at HK$11.55/share, with turnover of HK$107 million.

On the news front, international gold prices have remained under sustained pressure. CHOW TAI FOOK's Hong Kong gold jewelry quotation stood at HK$49,520 per tael on September 11, down 1.78% on the day and 3.08% cumulatively over the past week. The broader jewelry sector was broadly weaker, with EVEREST GOLD falling 4.25% and LUK FOOK HOLD declining 0.56%. Daiwa had previously downgraded CHOW TAI FOOK from Buy to Outperform, flagging that same-store sales growth momentum could slow amid an unclear gold price trajectory, while maintaining a target price of HK$13.70 and noting the company's attractive 6% dividend yield.

Within the Specialty Stores sector, the overall sector traded lower. Among individual stocks, POP MART down 0.79%, CTG DUTY-FREE down 2.10%, LUK FOOK HOLD down 0.56%, EVEREST GOLD down 4.25%, SA SA INT'L down 2.03%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10