(06168.HK) East Wu Securities: First to issue a "buy" rating on Chow Tai Fook (06168.HK) - future revenue has long-term growth potential and broad prospects.
According to the Zhitong Finance APP, Dongwu Securities released a research report stating that considering the company's online high growth and the still large expansion space for offline stores, long-term growth can be expected. The company also continues to distribute dividends. The report gives Zhou Shif (06168.HK) a "Buy" rating for the first time. As a well-known domestic gold and jewelry brand, relying on a combination of online and offline sales models, the company continues to penetrate the lower-tier market and achieve differentiated layouts and multi-channel development. The online business is rapidly growing and is already in a leading position in the industry; at the same time, with the continuous expansion of the gold and jewelry market space and the company's potential layout in the North China and East China markets, future revenue has long-term growth potential and broad prospects.
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