{
Chow Tai Fook Jewellery Group Ltd.

Companies

}
001122334455554433221100
001122334455554433221100

chow tai fook reports significant revenue decline amid economic slowdown

Chow Tai Fook Jewellery Group Ltd., Hong Kong's largest jewelry retailer, reported a 20.4% revenue decline to HK$39.4 billion ($5.1 billion) for the half year ending September, marking the steepest drop since 2016. Profit plummeted 44.4% to HK$2.6 billion, primarily due to losses from gold loan contract revaluations amid volatile prices.
bloomberg.com
Hong Kong Dollar Chow Tai Fook Jewellery Group Ltd. HKG CHN Henry Cheng
Finance & Economy, Market Report
11:16 26.11.2024

China consumer sentiment under scrutiny as Meituan and Chow Tai Fook report earnings

Meituan and Chow Tai Fook Jewellery Group Ltd. are set to provide insights into China's consumer sentiment amid a slow economic recovery, ongoing property issues, and unstable employment. Despite a notable increase in retail sales in October, consumer spending remains cautious, as government stimulus has yet to significantly enhance income levels, according to Boston Consulting Group.
bloomberg.com
Chow Tai Fook Jewellery Group Ltd. Meituan CHN
Finance & Economy, Market Report
02:30 22.11.2024
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