Citi sees Chow Tai Fook Jewellery valuation as appealing
Citi analysts say Chow Tai Fook Jewellery shares look attractively valued, as the stock appears to already reflect a possible drop in second-half earnings.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Citi analysts say the valuation of Chow Tai Fook Jewellery shares looks appealing. In their view, the share price already reflects a possible decline in the company's second-half earnings. The comment comes from a note cited by Market Talk.
Citi estimates the stock trades at 10 times forward price-to-earnings and offers a 7.0% yield. Chow Tai Fook's estimated net profit growth of 90% to 100% for the first half beat market expectations of 80% to 90%. The analysts also say a fall in October sales appears to be in line with management's expectations, given a high base.
Citi ranks Chow Tai Fook at the top of its China gold jewelry sector list and keeps a buy rating with a target price of 15.40 Hong Kong dollars. During trading the shares rose 2.2% to HK$10.71.
why it matters
The views apply to a single company, so the direct impact falls mainly on Chow Tai Fook shares in Hong Kong. For the wider market, it signals how investors are pricing China's jewelry sector after strong first-half results.
tags
instruments
sources
- Chow Tai Fook Jewellery's Valuation Seems Appealing — Market Talk, 23 October 2026 at 05:49 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗