Ge Long Hui·2026-02-28 06:22Group 1 - The core viewpoint of the report indicates that Chow Tai Fook's operational performance for the first half of the fiscal year 2026 meets expectations, with adjusted recurring profits reaching HKD 1.47 billion, accounting for 52% of the bank's full-year forecast [1] - The profit growth of Chow Tai Fook Life Insurance is identified as the main driver across all operational segments [1] - The interim dividend per share is set at HKD 0.28, representing a 3% increase compared to the same period last year, which is considered an unexpected positive surprise [1] Group 2 - The report mentions that Chow Tai Fook is expected to be approved for inclusion in the southbound trading on March 9, which could act as a catalyst for valuation re-evaluation, particularly for yield-seeking investors [1] - The bank maintains a "outperform" rating for Chow Tai Fook, with a target price set at HKD 8.8 [1]