＜Research＞BofAS Cuts CHOW TAI FOOK (01929.HK) TP to $9.3, Expects Sales to Remain under Pressure

　　BofA Securities issued a research report lowering its FY2025 earnings forecast for CHOW TAI FOOK (01929.HK) -0.450 (-5.689%) Short selling $7.15M; Ratio 18.703% by 8%, reflecting weaker-than-expected same store sales (SSS) growth YTD trend and a higher-than-expected POS closures.

　　BofA Securities decided to cut its target price by 15% to $9.3, from $10.9, as CHOW TAI FOOK's sales expected to continue to be pressured on volatile gold price and weak macro-environment, with rating reiterated at Neutral.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-23 16:25.)

　　Related NewsUBS Cuts CHOW TAI FOOK (01929.HK) TP to $12.3; Short-term Demand Pressured by Gold Volatility

　　AAStocks Financial News