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00590 LUK FOOK HOLD
RTNominal up21.650 +0.250 (+1.168%)
Others

30/11/2023 15:58

{I-bank focus}Citi raises Luk Fook (00590) to HKD27.4

[ET Net News Agency, 30 November 2023] Citi raised its target price for Luk Fook Hold
(00590) to HKD27.4 from HKD26.5 and maintained its "buy" rating.
The research house said the company's sequentially improving gem-set SSSG, together with
a recovery in sentiment in HK retail, results in a better sales and earnings outlook. The
recovery pace of tourist consumption after China opened its borders bodes well for the
stock. (RC)

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