Chow Tai Fook Jewellery hits 2-week high on robust earnings outlook

Chow Tai Fook Jewellery

07/05/2026 04:25

** Shares of Chow Tai Fook Jewellery 1929.HK jump 6.5% in the second session of gain to HK$11.55, their highest point since April 22

** Stock set for the biggest one-day pct gain since April 30, 2025

** Jewellery retail chain operator expects net profit for the year ended in March to rise 45%-55% y/y, amid improvement in gross profit margin driven by higher gold prices, favourable sales mix towards retail business, and fixed price jewellery

** Operating leverage from disciplined cost management also aids the increase - co

** YTD, stock down 8.2%, benchmark Hang Seng Index .HSI up 3.5%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))