＜Research＞CMBI Trims CHOW TAI FOOK (01929.HK) TP to $14.54, Rating Buy

　　CHOW TAI FOOK (01929.HK) -0.100 (-1.370%) Short selling $8.11M; Ratio 24.369% maintained its guidance of flat revenue growth in FY2025, CMBI released a research report saying. CMBI expected FY2025-FY2027 revenue growth to rise by -2%/ +5%/ +4%, while net profit growth will be 12%, 9% and 8%, respectively.

　　CMBI was optimistic that the Company's brand strength and leading position will benefit from increased industry consolidation, as well as improved gross profit margin due to a higher proportion of fixed-priced products and enhanced channel strategy.

　　Related NewsDaiwa Downgrades CHOW TAI FOOK (01929.HK) to Underperform, Slashes TP to $7

　　CMBI kept rating at Buy, and trimmed its target price from $18.6 to $14.54.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 16:25.)

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