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26529 JP-CTFJ@EC2601A (CALL)
RT Nominal up0.111 +0.003 (+2.778%)

16/04/2024 15:25

{I-bank focus}BofA lowers Chow Tai Fook (01929) to HKD12.1

[ET Net News Agency, 16 April 2024] BofA lowered the target price for Chow Tai Fook
(01929) to HKD12.1 and maintained the "neutral" rating.
The research house said rising gold prices may not necessarily be a positive to Chow Tai
Fook. A sudden surge in gold prices could result in a delays in purchases by consumers who
want to wait for normalization of gold prices, resulting in weaker volumes. (rc)

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