Zhi Tong Cai Jing·2025-09-26 03:29Core Viewpoint - Chow Tai Fook Enterprises (00659) has seen its stock rise over 4% following the release of its annual performance report, which exceeded profit expectations due to strategic investments [1] Financial Performance - The company's profit attributable to shareholders increased by 4% to HKD 2.162 billion [1] - For the second half of the fiscal year, recurring profit grew by 18% to HKD 1.4 billion, surpassing expectations by 19% [1] Dividend and Share Structure - The final dividend declared is HKD 0.35, remaining unchanged year-on-year and aligning with market expectations [1] - The company has proposed a stock split of ten shares for one [1] Strategic Investment and Debt Issuance - Chow Tai Fook plans to issue HKD 22.18 billion in 0.75% exchangeable bonds maturing in 2028, with the underlying asset being approximately 10% of the issued share capital of its investment in First Holdings [1] - Following the completion of this transaction, Chow Tai Fook will exit its investment in First Holdings, which is expected to significantly improve liquidity for First Holdings [1]