Orient Securities: Attention on Structural Opportunities in Leading Jewelry Brands Amid Gold Price Rebound; Certain Categories and Brands Perform Relatively Well.

Orient Securities released a research report stating that the short-term rebound in gold prices serves as a direct emotional and valuation catalyst for leading gold jewelry companies. If gold prices continue to rise, it is expected to gradually a driving force for terminal consumption in gold jewelry. Currently, regarding investment opportunities, the firm still recommends selecting companies that have distinctive brands, strong retail operations, or considerable future channel growth potential. Key focuses include Chow Sang Sang, known for its strength in product research and brand operation, and a recommendation to pay attention to Chow Tai Fook, which is expected to have stable fundamental growth and high dividend expectations. Additionally, some established Hong Kong stocks should be monitored, including Chow Tai Fook.