Changes in Hong Kong stocks | Chow Tai Fook (01929) is now up more than 5%, and the company recently raised product prices again, Citi is optimistic about operating results for the third quarter

The Zhitong Finance App learned that Chow Tai Fook (01929) rose nearly 7% in the intraday period. As of press release, it had risen 4.97% to HK$1,309, with a turnover of HK$158 million.

According to the news, on December 17, Chow Tai Fook's official flagship store posted a notice on its website stating that due to market factors, prices for some products will increase on December 19. Recently, Chow Tai Fook's official flagship store on Tmall posted a reminder on its homepage: Due to market factors, prices for some products are about to increase. According to information, this is the third time that Chow Tai Fook has raised product prices during the year. In March, Chow Tai Fook's price adjustments targeted “one-price” gold products, with a range of 10%-20%; the price increase at the end of October was 12%-18%.

Citi released a research report saying that it began a 30-day upward catalyst observation for Chow Taifuku because it predicted that it would announce strong operating performance for the third quarter of fiscal year 2026 in January and raised the same store sales growth guidelines. Following strong performance in October and November, Citi expects the price increase of fixed-price gold products to maintain an ideal same-store sales growth performance in December; unexpectedly strong sales after VAT policy adjustments will have a positive impact on the Group's gross margin in the second half of FY2026 and the first half of FY2027.