Chow Tai Fook's Profit Growth Likely to Continue Despite Recent Gold Drops -- Market Talk
Dow Jones
Jun 15
0332 GMT - Chow Tai Fook Jewellery's earnings growth is likely to continue despite gold's recent drops, say HSBC Global Investment Research's Lina Yan and Yimin Wang in a note. Gold's price declines are likely to stimulate demand for weight-based gold jewelry, they say. Lower gold prices should also improve the Hong Kong jewelry company's working-capital efficiency and strengthen its dividend-paying capital, they add. HSBC raises its target price on Chow Tai Fook to HK$14.80 from HK$13.50 and maintains a buy rating. Shares are 0.7% higher at HK$12.90. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
June 14, 2026 23:32 ET (03:32 GMT)
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