BOCI Research: Raises the target price of Chow Tai Fook (01929.HK) to 13.8 Hong Kong dollars and maintains a "buy" rating

According to the Intellicast Financial APP, released a research report stating that Chow Tai Fook (01929.HK) saw a 9% decrease in net profit for the 2025 fiscal year compared to the previous year, but still exceeded market expectations by 7%, reflecting the strong contribution of the gold price to its gross profit margin. The bank believes that its dividend yield (6.4% in the 26th fiscal year) is attractive; maintains a "buy" rating with a target price raised from 11.2 Hong Kong dollars to 13.8 Hong Kong dollars.