HK Stock Market Move | CTF SERVICES (00659) opened more than 3% higher, with full-year net profit up 11%, a final dividend of 33 HK cents, and a bonus issue of 1 share for every 10 held.

CTF SERVICES (00659) rose more than 3% in morning trading. As of press time, it was up 3.61% at HK$8.17, with a turnover of HK$1.5473 million. On the news front, CTF SERVICES released its full-year results for the year ended end-June 2026, with full-year revenue of HK$27.0997 billion, up 11.59% year-on-year; profit attributable to shareholders was HK$2.3926 billion, up 11% year-on-year. It proposed a final dividend of 33 HK cents per share, an increase of 4% year-on-year on a comparable basis. The company proposed a bonus issue of 1 share for every 10 shares held, stating that this move is to thank shareholders for their long-term support and to enhance share liquidity. By business segment, profit attributable to financial services operating profit during the year was HK$1.474 billion, up 19% year-on-year. The company said it has become the largest source of operating profit contribution, mainly benefiting from increased release of contractual service margin from CHOW TAI FOOK Life, with new business value of RMB1.303 billion, up 30%. During the period, the company's net gearing ratio fell to 28%. Chief Operating and Financial Officer Lam Chin said the company still maintains its net gearing ratio target of between 40% and 45%.