HK Stock Market Move | CHOW TAI FOOK (01929) has fallen by over 3% again. Its net profit for the first half of the fiscal year is roughly flat compared to the same period last year. Daiwa expects its performance guidance to be conservative.

CHOW TAI FOOK (01929) fell by more than 3%, dropping by 3.42% to HK$13.82 as of the time of publication, with a trading volume of HK$2.18 billion. In terms of news, CHOW TAI FOOK recently released its interim performance for the six months ended September 30, 2025. The company achieved revenue of HK$38.986 billion, a decrease of 1.07% year-on-year; the company's attributable profit to shareholders was HK$2.534 billion, an increase of 0.16% year-on-year; and the gross profit margin narrowed by 0.9 percentage points to 30.5% year-on-year. Daiwa released a research report stating that CHOW TAI FOOK's performance for the first half of the 2026 fiscal year ending in September fell 2% to 3% below market expectations in terms of revenue and net profit. However, they believe that there are more positive factors than negative factors in the performance. Despite the increase in CHOW TAI FOOK's dividend payout ratio and per share dividend, the company's upward revision of its performance guidance for the second half of the 2026 fiscal year is still considered conservative by Daiwa.