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Luk Fook Holdings (International) ( (HK:0590) ) has issued an announcement.
Luk Fook Holdings (International) Limited has issued a profit warning, indicating a projected 40% decrease in profit for the fiscal year ending March 2025. This decline is mainly due to increased gold hedging losses and a high base effect from last year’s acquisition-related gains. However, excluding these factors, the profit decline narrows significantly. Despite this, the company has reported double-digit growth in same-store sales in Mainland China from April to May 2025, driven by effective branding and product strategies, while sales in Hong Kong and Macau remained stable. The company anticipates potential improvement in business performance for the remainder of the fiscal year.
The most recent analyst rating on (HK:0590) stock is a Buy with a HK$34.82 price target. To see the full list of analyst forecasts on Luk Fook Holdings (International) stock, see the HK:0590 Stock Forecast page.
More about Luk Fook Holdings (International)
Luk Fook Holdings (International) Limited operates in the jewelry industry, focusing on the design, retail, and wholesale of a wide range of jewelry products. The company is known for its branding and product differentiation strategies, with a significant market presence in Mainland China, Hong Kong, and Macau.
Average Trading Volume: 1,415,338
Technical Sentiment Signal: Buy
Current Market Cap: HK$12.92B
Learn more about 0590 stock on TipRanks’ Stock Analysis page.