HK jeweller Luk Fook hits 5-mth peak on robust results, higher dividend

Luk Fook Holdings (International)

30/11/2023 02:42

** Shares of Hong Kong jewellery chain operator Luk Fook
Holdings (International) Ltd  0590.HK  jump 9.6% to HK$22.25,
their highest since June 28 
    ** Stock on track for the biggest one-day pct rise since
Jan. 4 if trend holds; fourth biggest pct gainer in Hang Seng
Composite Index  .HSCI  
    ** Co said its first half net profit for six months ended in
September rose 43.3% YoY to HK$942.7 mln ($120.74 mln) with
revenue up 34.3% YoY to HK$7.49 bln 
    ** Co declares an interim dividend of HK$0.72 per share to
shareholders, as compared to HK$0.55 in a year ago period 
    ** Bigger rival Chow Tak Fook Jewellery  1929.HK  gains 0.9%
    ** Hang Seng Composite Index  .HSCI  eases 0.4%, while Hang
Seng Consumption Index  .HSCGSI  and Hang Seng Index  .HSI  both
slip 0.3%
    ** Luk Fook shares down 6.3% YTD 


($1 = 7.8079 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))