Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal up10.960 +0.240 (+2.239%)
Research Report

24/11/2023 14:55

{I-bank focus}HSBC lowers Chow Tai Fook (01929) to HKD12.2

[ET Net News Agency, 24 November 2023] HSBC Global Research lowered its target price
for Chow Tai Fook (01929) to HKD12.2 from HKD13.2 and maintained its "hold" rating.
The research house said it believes management can deliver resilient earnings to provide
dividend support to its share prices. However, amid the overall soft consumer sentiment in
China, successful execution of brand revamp strategy will be key to driving positive
momentum on earnings, on which it has low visibility of the potential success of the
branding strategy.
It lowers net profit estimates by 5-8% for FY24-26, mainly reflecting slower expansion
growth in Mainland China. (RC)

Remark: Real time quote last updated: 23/04/2024 13:30
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.