Jewellery retailer Luk Fook jumps most in 14 months on robust profit forecast
11/06/2026 03:07
BUZZ-Jewellery retailer Luk Fook jumps most in 14 months on robust profit forecast ** Shares of Luk Fook Holdings 0590.HK jump 9.5% to HK$22.44, on course for their biggest one-day pct gain since April 22, 2025
** Stock hits the highest level since May 18 in the third straight session of gains
** Jewellery retailer expects FY2026 profit to jump 80% to 90% y/y thanks to improved margin due to the rise in gold prices
** Effective product differentiation and sales strategies that boosted the sales mix of fixed price jewellery products and operating leverage also aid an increase in overall profit - co
** YTD, stock down 5.6%, the benchmark Hang Seng Index .HSI down 4.9%
(Reporting by Donny Kwok)
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