HK Stock Market Move | LUK FOOK HOLD(00590) rose against the trend by more than 2%, with retail revenue in the second quarter increasing by 15% year-on-year and same-store sales growing by 10%.

Luk Fook Holdings (00590) defied the trend and rose by more than 2%, reaching an increase of 1.91% at the time of publication, at HK$25.64, with a turnover of HK$1061.42 million. In terms of news, Luk Fook Holdings announced that the group's overall sales performance in the second quarter continued the growth momentum from the previous quarter, combined with the low base effect, resulting in a more ideal overall retail sales performance in the second quarter compared to the first quarter. In the second quarter of the 2026 fiscal year, the group's overall retail value (including self-operated stores, brand stores, and e-commerce business) and retail revenue (including self-operated stores and e-commerce business) increased by 18% and 15% respectively year-on-year. It is worth mentioning that the retail value of priced gold products accounted for 16% of the total, an increase of 4 percentage points compared to the same period last year. The group's overall same-store sales in the second quarter further improved to +10%. Although the international average gold price (per ounce against the US dollar) rose by approximately 40% year-on-year during the quarter and hit a new high in September, the sales of gold products measured by weight showed an improvement from flat in the previous quarter to +6% in same-store sales. In the markets of Hong Kong, Macau, and overseas, both retail value and retail revenue increased by 13%, with same-store sales also showing double-digit growth at +11%. The performance in the mainland Chinese market was good, with a 20% increase in retail value and a 23% increase in retail revenue, mainly driven by the e-commerce business.