Ge Long Hui A P P·2026-01-22 03:45Core Viewpoint - Chow Tai Fook (1929.HK) experienced a significant stock price increase of over 5%, reaching HKD 14.41, following the announcement of strong retail performance for the third quarter ending December last year [1] Group 1: Financial Performance - The retail value for Chow Tai Fook grew by 17.8% year-on-year for the third quarter [1] - Retail performance in Hong Kong, Macau, and other markets increased by 22.9%, while mainland China saw a growth of 16.9% [1] - The average selling price of gold jewelry in Hong Kong and Macau surged from HKD 13,300 to HKD 20,100, marking a 51% increase [1] - Same-store sales of gold jewelry also rose significantly by 43.2% [1] Group 2: Market Outlook - CICC reported that despite the high base effect in Q4 of FY2026, the company is actively promoting its Spring Festival marketing activities and launching a new product line for the New Year [1] - Management anticipates same-store sales during the Spring Festival to achieve low to mid-single-digit year-on-year growth [1] - CICC has raised the target price for Chow Tai Fook by 6% to HKD 17.85, maintaining an "outperform" rating [1]