CLSA: Cheng Family's Increase in Chow Tai Fook Creation (00659.HK) Stake Signals Value Release

Zhito Finance APP has learned that CLSA issued a research report maintaining a "Outperform" rating and a target price of HK$11.5 for Chow Tai Fook Creation (00659.HK), and maintaining its view that it is one of the two top picks in Hong Kong's conglomerate sector. According to disclosures from the Hong Kong Stock Exchange, the Cheng family purchased 34.2 million shares of Chow Tai Fook Creation in the open market last Tuesday (the 29th) at HK$8.1275 per share, accounting for approximately 0.75% of the existing share capital, involving approximately HK$278 million.