HK-listed Luk Fook falls on estimating lower FY25 profit

Luk Fook Holdings (International)

18/06/2025 04:41

** Luk Fook Holdings (International) 0590.HK falls 3.5% to HK$19.88, lowest since June 12

** HK-based jewellery group estimates its FY25 net profit to have fallen ~40% y/y due to widening gold hedging losses, high base effect from last year's one-off gains following acquisition of 3DG Holdings 2882.HK

** Smaller rival of Chow Tai Fook Jewellery 1929.HK says its same-store sales improved in April and May, with mainland market seeing double-digit growth, while HK and Macau market were flat

** YTD, Luk Fook shares rise ~40%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))