HK Stock Movement | LUK FOOK HOLD (00590) Rises Over 5% Again; Oct-Dec Same-Store Sales Growth Accelerates Sequentially, Deems Growth Exceeds Expectations

Stock News
01/21

LUK FOOK HOLD (00590) surged more than 5% again, bringing its cumulative gain for the month to over 35%. At the time of writing, the stock was up 5.83% to HK$31.96, with a turnover of HK$81.70 million. Recently, LUK FOOK HOLD announced that for the third quarter of fiscal year 2026, ending December 25, the Group's overall same-store sales increased by 15% year-on-year. Mainland China sales grew by 7%, while markets outside the mainland surged by 16%, showing an accelerating trend compared to the July-September period. CICC stated that LUK FOOK HOLD's growth in the previous fiscal quarter exceeded expectations. Cinda Securities believes the faster same-store sales growth in markets outside the mainland is primarily due to the price advantage of products in Hong Kong and Macau, concert events, and the appreciation of the Renminbi, which collectively boosted tourist traffic and sales from mainland China. Furthermore, according to the company's announcement, despite gold prices hitting new highs again in December, consumers have gradually adapted to the high price environment, thus not causing a significant impact on sales. The Group anticipates that its overall same-store sales from January 1 to 7, 2026, will be better than the performance in the third quarter.

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