Lates News

JPMorgan Chase released a research report stating that the target price of Chow Tai Fook (01929) has been raised by 35.7% from 8.4 Hong Kong dollars to 11.4 Hong Kong dollars, maintaining a "buy" rating. The bank has raised profit forecasts for Chow Tai Fook for the 2025-2027 fiscal years by 1-5%, and forecasts for the 2026-2027 fiscal years are 7-9% higher than market consensus. The main driving factors include: 1) Optimal optimization of the store network may continue to close net stores in the 2026 fiscal year, slowing down in the 2025 fiscal year; 2) the contribution of fixed-price products continues to increase.