Jewellery group Chow Sang Sang rises as quarterly sales grow

Luk Fook Holdings (International)

16/10/2026 06:58

    ** Shares of Chow Sang Sang Holdings International  0116.HK 
rise 4% to HK$13.59, on course for the biggest one-day pct gain
since October 9
    ** Stock set to snap two straight sessions of losses 
    ** Jewellery maker and retail chain operator said its retail
sales value for three months ended in September increased 3% y/y
    ** Company records 4% same store sales growth in Chinese
Mainland market, and 7% growth in Hong Kong and Macau
    ** "The Chinese Mainland market remained affected by
cautious consumer sentiment, macroeconomic uncertainties and
ongoing volatility in gold price," company said, adding demand
for gold jewellery remained positive during the quarter
    ** Bigger rivals climb with Chow Tai Fook  1929.HK  rising
1.5%, Laopu Gold  6181.HK  gaining 1.2% and Luk Fook  0590.HK 
up 2.4% 
    ** YTD, Chow Sang Sang stock up 10.2%, while benchmark Hang
Seng Index  .HSI  down 5.2%
    
    
    

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