Core Insights - The core viewpoint of the article highlights that Luk Fook Holdings (00590) reported strong performance in Q3, exceeding expectations in overall retail value, retail revenue, and same-store sales, with increases of 26%, 17%, and 15% respectively [1] Group 1: Performance Metrics - Overall retail value increased by 26%, retail revenue rose by 17%, and same-store sales improved by 15% compared to previous quarters [1] - In Hong Kong, Macau, and overseas markets, retail value, retail revenue, and same-store sales grew by 20%, 19%, and 16% respectively [1] - The mainland China market showed a good performance with retail value up by 26%, retail revenue increasing by 11%, and same-store sales improving to +7% despite a high base effect [1] Group 2: Product Performance - The same-store sales for overall gold products were +15%, while priced products saw a +17% increase, with priced gold products achieving a remarkable same-store sales growth of 32% [1] Group 3: Store Expansion and Future Outlook - The company reduced its number of stores by 40 in Q3, but opened 17 new stores overseas during the nine-month period ending December 31, 2025 [1] - The overall same-store sales for the first seven days of 2026 are reported to be better than those in Q3 [1]

Group 1 - The core viewpoint of the article highlights that Luk Fook Holdings (00590.HK) reported strong retail sales performance for the third quarter of the fiscal year ending March 31, 2026, exceeding expectations with overall retail value, retail income, and same-store sales increasing by 26%, 17%, and 15% respectively [1] - The performance in Hong Kong, Macau, and overseas markets was particularly strong, with retail value, retail income, and same-store sales rising by 20%, 19%, and 16% respectively [1] - The mainland China market showed good performance despite a high base compared to Hong Kong and Macau, with retail value increasing by 26%, retail income rising by 11%, and same-store sales improving to +7% [1] Group 2 - The overall same-store sales for the group's gold products were +15%, while the pricing products saw a +17% increase, with the same-store sales of priced gold products rising by 32% despite a high base [1] - The group reduced its number of stores by 40 in the third quarter, while opening 17 new stores overseas during the nine-month period ending December 31, 2025 [1] - In the first seven days of 2026, the overall same-store sales outperformed those of the third quarter [1]

Core Viewpoint - Luk Fook Holdings (00590) reported strong performance in Q3, exceeding expectations with overall retail value, retail revenue, and same-store sales increasing by 26%, 17%, and 15% respectively [1] Group 1: Market Performance - The performance in Hong Kong, Macau, and overseas markets was impressive, with retail value, retail revenue, and same-store sales rising by 20%, 19%, and 16% respectively [1] - The mainland China market showed good performance despite a high base compared to Hong Kong and Macau, with retail value increasing by 26%, retail revenue by 11%, and same-store sales improving to +7% [1] Group 2: Product Performance - The overall same-store sales for gold products were +15%, while priced products saw a +17% increase, with the same-store sales for priced gold products rising by 32% despite a high base [1] Group 3: Store Expansion and Future Outlook - The company reduced its store count by 40 in Q3, but opened 17 new stores overseas during the nine-month period ending December 31, 2025 [1] - Overall same-store sales for the first seven days of 2026 were better than those in Q3 [1]

Core Insights - Chow Tai Fook (01929.HK) reported a 4.1% year-on-year increase in retail value for the three months ending September 30, 2025, with a 3.0% increase in mainland China and an 11.4% increase in Hong Kong, Macau, and other markets [1] Group 1: Retail Performance - The second quarter marked a significant turning point for the company's business, benefiting from strong growth in priced products and improvements in gold pricing products [1] - Same-store sales in mainland China turned positive with a growth of 7.6% for direct stores and 8.6% for franchise stores during the period [1] - Excluding the watch business, same-store sales growth for direct stores was 9.9% [1] Group 2: Regional Performance - Same-store sales in Hong Kong and Macau increased by 6.2% year-on-year, with Hong Kong rising by 3.2% and Macau by 17.3% [1]

Core Viewpoint - Chow Tai Fook (01929.HK) is experiencing a decline in same-store sales due to external macroeconomic factors and high gold prices, but product optimization measures and effective marketing campaigns have led to a reduction in the sales decline in mainland China [1] Group 1: Sales Performance - In the fourth quarter, same-store sales in mainland China for direct stores decreased by 13.2% year-on-year [1] - Same-store sales for franchise stores in mainland China fell by 8.7% year-on-year [1] Group 2: Market Conditions - External macroeconomic factors and elevated gold prices continue to impact consumer sentiment [1] - The company's product optimization measures have shown positive results, driving strong growth momentum and demand for priced products [1] Group 3: Marketing Efforts - Effective marketing activities for the Lunar New Year contributed to the narrowing of the same-store sales decline in mainland China [1]