news flash·2025-06-16 02:59Group 1 - The core viewpoint of the article is that CICC has raised the target price for Chow Tai Fook (01929.HK) by 31% to HKD 14.92, maintaining an "outperform" rating for the stock [1] - CICC forecasts that Chow Tai Fook will achieve low single-digit annual revenue growth for the fiscal year 2026, while gross margin may decline by approximately 0.8 to 1.2 percentage points year-on-year due to rising gold prices [1] - Despite the expected decline in gross margin, operating profit margin is projected to decrease by only 0.6 to 1 percentage point annually due to ongoing cost control measures [1] Group 2 - CICC has increased its earnings per share forecast for Chow Tai Fook for the fiscal years 2026 and 2027 by 9% each, now estimating HKD 0.83 and HKD 0.91 respectively [1] - The current stock price corresponds to a price-to-earnings ratio of 15 times for fiscal year 2026 and 14 times for fiscal year 2027 [1]