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<Research>Daiwa Lifts CHOW TAI FOOK's TP to HKD15.5; Full-Yr NP Beats
Recommend 6 Positive 9 Negative 4 |
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According to a report from Daiwa, CHOW TAI FOOK (01929.HK)'s net profit for FY25 ended March 2025 was 6% higher than the broker's forecast, while its full-year dividends also slightly exceeded expectations. In addition, management's expectation of mid-single-digit growth in same-store sales for the entire FY26 met Daiwa's projections, and their prediction of a dramatic reduction in hedging losses for FY26 could drive a substantial jump in the company's EPS. Still considering CHOW TAI FOOK as its industry top pick, Daiwa reiterated the Buy rating and raised the target price from HKD13 to HKD15.5. AAStocks Financial News |
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