CHOW TAI FOOK (01929.HK) -0.450 (-5.689%) Short selling $7.15M; Ratio 18.703% 's same store sales growth was weak in 1FQ25, and that July's trend was similar to that of 1Q24, implying a downside to CLSA's FY2025 same store sales growth and profitability forecasts, CLSA issued a research report saying.
After the Group posted a 20% YoY drop in retail sales value for the first financial quarter ended June, CLSA lowered its 2025-2027 sales/ net profit forecasts for CHOW TAI FOOK by 4%/ 11% respectively, reflecting weak sales in FY2025-to-date and limited visibility on its outlook.
Therefore, CLSA rated CHOW TAI FOOK at Hold and trimmed its target price to $7.5 from $9.2.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-23 16:25.)
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