HK Stock Market Move | LUK FOOK HOLD (00590) fell more than 5% in morning trading; a high base slowed growth in the second fiscal quarter, and channel adjustments may be gradually coming to an end.

LUK FOOK HOLD (00590) fell more than 5% in morning trading. As of press time, it was down 5.48% at HK$20.02, with turnover of HK$14.3376 million. On the news front, LUK FOOK HOLD recently announced that in the second quarter of fiscal 2027 (July-September), overall retail value increased 8% year on year, of which mainland China fell 2% year on year, while the Hong Kong and Macau markets rose 17% year on year; overall retail revenue increased 23% year on year, of which mainland China rose 28% year on year, while the Hong Kong and Macau markets rose 17% year on year. Cinda released a research report stating that in terms of same-store sales, in the second quarter of fiscal 2027, the company's self-operated stores saw same-store sales increase 12% year on year, of which mainland China rose 3% year on year, while the Hong Kong and Macau markets rose 13% year on year, with all slowing compared with the first quarter; brand stores, which account for about 90% of the mainland store count, saw same-store sales increase 1% year on year. The bank noted that the net number of store closures in mainland China narrowed significantly compared with the previous quarter, and channel adjustments may be gradually coming to an end.