Changes in Hong Kong stocks | Chow Tai Fook (01929) fell more than 4% in the afternoon, there were changes in the equity structure within the Chow Tai Fook Group aimed at strengthening the capital structure

The Zhitong Finance App learned that Chow Tai Fook (01929) fell more than 4% in the afternoon. As of press release, it was down 4.24% to HK$13.1, with a turnover of HK$272 million.

According to the news, there has been a change in the shareholding structure within Chow Tai Fook's department. According to equity information disclosed by the Hong Kong Stock Exchange, next week, Zheng Jiachun Family will transfer nearly 54% of its shares in Chow Tai Fook Jewellery to Beyond Luck Limited, a subsidiary of Chow Tai Fook Enterprises and Chow Tai Fook Capital holds 65% and 35% of the shares, respectively. The purpose of this equity restructuring is to strengthen the capital structure of Chow Tai Fook to release business value. Chow Tai Fook's enterprise will become the parent company of the family's core business, Chow Tai Fook Jewellery, and New World.

Lyon previously pointed out that although Chow Tai Fu's sales and profit for the first half of FY2026 were slightly lower than market consensus, the same store sales growth guidelines remained unchanged, and the profitability guidelines were raised; it is predicted that sales and net profit for the 2026 fiscal year will increase by 3% and 40% year-on-year, with gross margin and operating margin of 30.6% and 18%, respectively. Lyon raised Chow Tai Fook's 12-month target price from HK$12 to HK$13, keeping the 12-month forward price-earnings ratio unchanged at 12 times; it also expects Chow Tai Fook's sales performance during the next peak season to be critical to the stock price.