- Barrons.com•12 days ago
What's up with Hong Kong's jewelry retailers Chow Tai Fook (1929.Hong Kong), Chow Sang Sang (116.Hong Kong) and Luk Fook (590.Hong Kong)? While Hong Kong-listed gold miners such as Zijin Mining (2899.HK) and Zhaojin Mining (1818.Hong Kong) - direct plays on the gold rally - have risen over 50% along with the yellow metal this year, the Hong Kong jewelers are up by 20% max. That's not a fair trade, according to Nomura Securities's Qian Yao, who upgraded all three stocks to Buy. Of the three, Yao likes Chow Tai Fook the most: Our top pick is CTF on its large market cap, liquidity and top share in HK/China.
- Barrons.com•last month
Shares of Sa Sa International (ticker:ticker::178.HK) are up 27% in the past month as Chinese tourist arrivals to Hong Kong showed signs of a recovery – but it may not yet be time to put the marked down cosmetics retailer in the shopping basket. Once a market darling, Sa Sa has sagged 70% from its peak in September 2013 as rising online competition and a fall in the number of mainland Chinese shoppers visiting its ubiquitous neon pink stores squeezed sales. Slumping sentiment and spending among Hong Kong consumers hasn’t helped.
Chow Tai Fook Jewellery Group Ltd.HKSE
|52wk Range||4.20 - 7.97|
|Day's Range||5.75 - 5.95|
|Avg Vol (3m)||3,363,913|
As of 4:09 AM EDT. Market closed.