Jeweller Chow Sang Sang jumps most in a year on robust earnings outlook
BUZZ-Jeweller Chow Sang Sang jumps most in a year on robust earnings outlook ** Shares of Chow Sang Sang Holdings International 0116.HK jump 18.1% to HK$14.25, on track for the biggest one-day pct rise since August 20, 2025
** Stock hits the highest level since April 14 in third straight rising session
** The jewellery maker and retailer expects H1 profit attributable to jump to HK$2.1 billion-HK$2.2 billion ($267.73 million-$280.48 million), from HK$910 million profit a year ago
** Says the growth is due to improved sales performance in key markets of the retail segment, and gain from revaluation of bullion loans
** Bigger rivals Chow Tai Fook Jewellery 1929.HK and Luk Fook Holdings 0590.HK climb 0.8% and 0.7%, respectively
** YTD, Chow Sang Sang stock up 14.7%, benchmark Hang Seng Index .HSI down 1.2%
($1 = 7.8437 Hong Kong dollars)
(Reporting by Donny Kwok)
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Jeweller Chow Sang Sang jumps most in a year on robust earnings outlook