[ET Net News Agency, 9 June 2023] UBS lowered its price target for Chow Tai Fook
(01929) to HK$20 from HK$21 and maintained its "buy" rating.
The research house said it likes the company in the context of pent-up demand from
Chinese consumers and it is bullish on the strategy to enhance profitability after margin
dilution, a result of aggressive expansion in the past two years. (RC)