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The latest announcement is out from Chow Tai Fook Jewellery Group ( (HK:1929) ).
Chow Tai Fook Jewellery Group reported a mixed performance for the first quarter of FY2025, with a 1.9% decline in overall retail sales value. While Mainland China saw a 3.3% drop in retail sales value, Hong Kong and Macau experienced a 7.8% increase. The company noted a sequential improvement in same-store sales growth, supported by strong sales of fixed-price products and signature collections. The launch of the High Jewellery Collection in Hangzhou and the CTF Joie Collection, along with a collaboration with streetwear label CLOT, are part of the brand’s transformation strategy, aiming to enhance brand desirability and appeal to younger consumers.
The most recent analyst rating on (HK:1929) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Chow Tai Fook Jewellery Group stock, see the HK:1929 Stock Forecast page.
More about Chow Tai Fook Jewellery Group
Chow Tai Fook Jewellery Group Limited is a prominent player in the jewelry industry, known for its extensive range of products including gem-set, platinum, k-gold, and gold jewelry. The company operates primarily in Mainland China, Hong Kong, and Macau, focusing on retail sales through self-operated and franchised points of sale.
Average Trading Volume: 20,373,210
Technical Sentiment Signal: Buy
Current Market Cap: HK$133B
Find detailed analytics on 1929 stock on TipRanks’ Stock Analysis page.