Group 1 - The core viewpoint of the article is that Zhongyin International has identified Luk Fook Holdings (00590) as a top pick in the industry, raising its target price to HKD 35.9 [1] - Despite recent fluctuations in gold prices, the firm expects strong demand for gold jewelry in the first quarter of this year, driven by wealth effects from the stock market and a more accommodative monetary environment [1] - The current market landscape is anticipated to produce two significant winners: high-end retailers capable of supporting high premiums, exemplified by Lao Pu Gold (06181), and retailers with a strong market presence in Hong Kong and Macau, which have seen a notable increase in store traffic since the rise in gold value-added tax in November 2025 [1]
中银国际：将六福集团(00590)列为行业首选股 目标价升至35.9港元