|Bid||8.170 x 0|
|Ask||8.180 x 0|
|Day's Range||8.060 - 8.200|
|52 Week Range||5.050 - 8.610|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||28.21|
|Earnings Date||Jun 11, 2020|
|Forward Dividend & Yield||0.24 (2.93%)|
|Ex-Dividend Date||Aug 04, 2020|
|1y Target Est||8.18|
Full Year 2020 Chow Tai Fook Jewellery Group Ltd Earnings Presentation
Chow Tai Fook Jewellery Group Ltd, China's largest jeweller by market value, reported a 36.6% drop in annual profit as COVID-19 and a surge in international gold prices dampened retail demand, but said it will continue to expand in China. "Despite the recent headwinds, we remain optimistic about the mid-to long-term prospects of the jewellery market in Mainland China," Chairman Henry Cheng said in an earnings statement on Thursday to the Hong Kong Stock Exchange. At the same time, Chow Tai Fook will also consolidate its retail network and reduce costs, closing 10-15 stores in Hong Kong and Macau.
COVID-19 plus Hong Kong's strife and a surge in the price of gold hurt the jeweler.