Ge Long Hui·2025-12-01 03:41Core Viewpoint - The report from Credit Lyonnais raises Chow Tai Fook's 12-month target price from HKD 12 to HKD 13, maintaining a forward P/E ratio of 12 times, indicating a positive outlook for the company's stock performance in the upcoming peak sales season [1] Summary by Categories Sales and Profit Forecast - Credit Lyonnais has adjusted its sales and net profit forecasts for Chow Tai Fook for the fiscal years 2026 to 2028, increasing sales estimates by 1% to 2% and net profit estimates by 8%, reflecting improved guidance and mid-term outlook [1] Market Conditions - The upcoming peak sales season, which includes New Year, Spring Festival, and Valentine's Day, is deemed crucial for Chow Tai Fook's stock price performance [1] - The report highlights concerns regarding same-store sales growth prospects due to rising gold prices and intense competition in mainland China [1]