HK-listed Luk Fook climbs on quarterly sales growth

Luk Fook Holdings (International)

18/07/2025 04:36

** Shares of jewellery chain operator Luk Fook Holdings (International) 0590.HK climb 4.4% to HK$22.3, their highest since June 16

** Hong Kong-based jeweller said its overall same store sales increased 5% y/y for three-month quarter ended in June 2025, of which China up 19% while Hong Kong and Macau up 3%

** Although the spike in gold prices may affect sales performance, an increase in profit margin will help mitigate the impact of the decline in sales - Co

** Recent business improvements indicate that consumers are gradually adapting to high gold prices, suggesting a potential normalisation of gold sales - Co

** Hang Seng Consumption Index .HSCGSI gains 0.8%, Hang Seng Index .HSI adds 0.9%

** YTD, stock up 53.1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))