Core Viewpoint - Tianjin Luk Fook Group is focused on expanding its presence in the international market while adhering to its core brand philosophy of "International Interpretation" [2] Group 1: Business Operations - The company engages in the procurement, retail, and wholesale of various gold jewelry, gold decorative items, gemstone jewelry, and other accessories [2] - Tianjin Luk Fook Group aims to provide customers with value-for-money products and attentive service [2] Group 2: Market Positioning - The group is committed to exploring new areas across its business sectors to strengthen its leadership position in the jewelry industry in Hong Kong, mainland China, and overseas [2]

Core Viewpoint - Goldman Sachs reports that Luk Fook's same-store sales growth in mainland China reached 31% for the third quarter of the fiscal year ending in 2026, indicating a recovery to pre-pandemic levels [1] Group 1: Sales Performance - Same-store sales growth for self-operated stores in mainland China was 7%, accelerating from the previous quarter's 7% [1] - Same-store sales growth in the Hong Kong and Macau market increased from 11% to 16% [1] Group 2: Market Analysis - Compared to sales data released by the company in October to November of the previous year, Goldman Sachs notes a slowdown in growth for the latter half of the last fiscal quarter, although it remains in line with market expectations [1] - The report attributes this slowdown to a "gold rush" in mainland China last October and the impact of new tax measures leading to rising gold prices [1] Group 3: Future Outlook - Goldman Sachs emphasizes the need to monitor Luk Fook's sales resilience amid rising gold prices and relatively weak overall consumer spending [1] - The firm maintains a "neutral" rating with a target price of HKD 23, considering the high base during the Lunar New Year period [1]

每经AI快讯，六福集团(00590.HK)午后一度涨超3%，截至发稿涨2.99%，报28.28港元，成交额2778.86 万港元。 ...

Group 1 - On January 19, international gold and silver prices reached historical highs, with spot gold surpassing $4690 per ounce, marking a daily increase of over 2% [1]. - Spot silver prices also broke the $94 per ounce mark [1]. Group 2 - Domestic gold jewelry prices have seen significant increases, with various brands reporting price hikes: Lao Miao gold at 1459 yuan per gram (up 24 yuan), Chow Sang Sang at 1451 yuan (up 22 yuan), and Lao Feng Xiang at 1456 yuan (up 20 yuan) [3]. - Chow Sang Sang initiated a price adjustment on January 16, with increases ranging from hundreds to tens of thousands of yuan, including a pendant that rose by 19,000 yuan [5]. - The overall price increase for fixed-price products is between 10% to 20%, with some brands continuing to adjust prices in response to rising gold prices [7]. - The price of Chow Sang Sang's gold jewelry has increased by 98 yuan per gram since early January [9].

Core Viewpoint - Luk Fook Holdings (00590) has shown strong performance with a stock price increase of over 3%, reflecting positive market sentiment and growth expectations for the company [1] Group 1: Financial Performance - For the third quarter of the fiscal year ending December 2026, Luk Fook's retail value increased by 26% year-on-year, exceeding expectations [1] - Retail value growth in mainland China, Hong Kong, Macau, and overseas regions was reported at 26% and 20% respectively [1] - Same-store sales growth for self-operated/brand stores in mainland China and same-store sales in Hong Kong, Macau, and overseas regions were 7%/31% and 16% respectively [1] Group 2: Market Outlook - CICC raised the target price for Luk Fook by 12% to HKD 34.31, citing improved industry sentiment leading to valuation uplift [1] - Citigroup noted that despite gold prices reaching new highs in December, consumer adaptation to high gold prices has minimized sales impact [1] - Management remains optimistic about the growth potential in overseas markets and plans to allocate more resources for expansion, maintaining a target of approximately 20 new stores for the fiscal year 2026 [1]

Group 1 - The core viewpoint of the article highlights that Luk Fook Holdings (00590) experienced a stock price increase of over 3%, with a current price of 28.28 HKD and a trading volume of 27.79 million HKD [1] - According to CICC's report, Luk Fook Holdings exceeded expectations in the third quarter of the fiscal year ending December 2026, with retail value increasing by 26% year-on-year [1] - Retail value growth in different regions was reported as follows: Mainland China and Hong Kong/Macau/overseas regions both saw a 26% and 20% year-on-year increase respectively [1] - Same-store sales growth for self-operated/brand stores in Mainland China was 7%, while Hong Kong/Macau and overseas regions experienced a 31% and 16% increase respectively [1] - CICC raised the target price for Luk Fook Holdings by 12% to 34.31 HKD, citing improved industry sentiment leading to valuation enhancement [1] Group 2 - Citigroup noted that despite gold prices reaching a new high in December, consumer behavior has adapted to the high gold price environment, resulting in minimal impact on sales [1] - Management believes that the new gold value-added tax policy in Mainland China will widen the price gap between products in Hong Kong/Macau and Mainland China, benefiting the Hong Kong/Macau market [1] - The company remains optimistic about the significant growth potential in overseas markets and plans to allocate more resources for expansion, maintaining the target of approximately 20 new store openings for the fiscal year 2026 [1]

中金发布研报称，六福集团(00590)去年12月底止2026财年第三季度增长超预期，六福集团零售值同比 增26%，其中中国内地、港澳及海外地区零售值分别年增26%、20%；中国内地自营店/品牌店、港澳及 海外地区同店销售分别年增7%/31%、16%。 中金维持集团2026、2027年每股盈利预测2.7港元、3.02港元不变，当前股价分别对应预测2026、2027年 10倍、9倍市盈率，维持"跑赢行业"评级。考虑行业景气度提升带来估值提升，上调目标价12%至34.31 港元，分别对应预测2026、2027年13倍、11倍市盈率，有25%的上行空间。 ...

中金维持集团2026、2027年每股盈利预测2.7港元、3.02港元不变，当前股价分别对应预测2026、2027年 10倍、9倍市盈率，维持"跑赢行业"评级。考虑行业景气度提升带来估值提升，上调目标价12%至34.31 港元，分别对应预测2026、2027年13倍、11倍市盈率，有25%的上行空间。 智通财经APP获悉，中金发布研报称，六福集团(00590)去年12月底止2026财年第三季度增长超预期，六 福集团零售值同比增26%，其中中国内地、港澳及海外地区零售值分别年增26%、20%；中国内地自营 店/品牌店、港澳及海外地区同店销售分别年增7%/31%、16%。 ...

中金发表研报指，六福集团去年12月底止2026财年第三季度增长超预期，零售值按年增26%，其中中国 内地、港澳及海外地区零售值分别年增26%、20%；中国内地自营店/品牌店、港澳及海外地区同店销售 分别年增7%/31%、16%。中金维持集团2026、2027年每股盈利预测2.7港元、3.02港元不变，维持"跑赢 行业"评级。考虑行业景气度提升带来估值提升，上调目标价12%至34.31港元，分别对应预测2026、 2027年13倍、11倍市盈率。 ...

记者丨李益文 编辑丨叶映橙 安粮期货分析，以中国人民银行为代表的多国央行持续的购金行为，为金价提供了长期而稳定的结构性支撑。短期内，金价预计将在货币政策预期摇摆和美 元汇率波动的共同影响下，维持区间波动偏强格局。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 出品 | 21财经客户端 21世纪经济报道 国际金价的飙升迅速传导至国内市场，国内知名金饰品牌报价普遍处于历史高位。其中，老庙黄金报1459元/克，较前一日上涨24元/克；老凤祥价报1456元/ 克，较前一日上涨20元/克；周大福报1455元/克，较前一日上涨19元/克；周生生报1451元/克，较前一日上涨15元/克；六福珠宝与金至尊均报1453元/克，较 上一日涨19元/克。 | 金店名称 | 黄金零售价 (元/克) | 黄金换购价( | | --- | --- | --- | | 周大福 | 1455 | 1011 | | 元福琉高 六福珠宝 | 1453 | 1236 | | 菜百首饰 | 1410 | | | 金至尊 | 1453 | 1239 | | 老凤祥 | 1456 | 1236 | | 命老庙 老庙黄金 | 1 ...