CICC International: Upgrades Zhou Dashun (01929.HK) Target Price to 15.2 Hong Kong Dollars, Reiterates "Buy" Rating

Wisdom Finance APP learned that CCB International released a research report stating that Chow Tai Fook (01929.HK) recorded a 1.9% year-on-year decrease in retail revenue in the first quarter of the 2026 fiscal year, proving that the company has been showing continuous improvement on a quarterly basis since showing weakness in the first quarter of the 2025 fiscal year. In the current gold price cycle, the bank expects Chow Tai Fook Jewelry to maintain its leading position in the market and reiterated a "buy" rating, with a target price raised from 13.8 Hong Kong dollars to 15.2 Hong Kong dollars.