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An update from Luk Fook Holdings (International) ( (HK:0590) ) is now available.
Luk Fook Holdings reported a mixed performance for the fourth quarter of FY2025, with overall retail sales value and revenue remaining flat year-on-year. The company saw a notable turnaround in its fixed price jewelry segment, which grew by 12%, driven by a strategic shift from diamond to fixed price gold products. Despite a challenging environment with high gold prices, the company’s strategy appears to be yielding positive results in specific product categories, although the overall same-store sales dropped by 10%.
More about Luk Fook Holdings (International)
Luk Fook Holdings (International) Limited, along with its subsidiaries, operates in the jewelry industry, focusing on retail sales of gold, platinum, and fixed price jewelry products. The company has a significant presence in Mainland China, Hong Kong, and Macau, with a strategic shift towards fixed price gold products.
YTD Price Performance: -2.50%
Average Trading Volume: 10,000
Technical Sentiment Signal: Hold
Current Market Cap: $1.16B
For an in-depth examination of 0590 stock, go to TipRanks’ Stock Analysis page.