CJEWY - Chow Tai Fook Jewellery Group Limited

Other OTC - Other OTC Delayed Price. Currency in USD
10.24
-0.05 (-0.46%)
At close: 2:56PM EST
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Previous Close10.29
Open10.19
Bid0.00 x 0
Ask0.00 x 0
Day's Range10.12 - 10.25
52 Week Range7.51 - 11.20
Volume1,093
Avg. Volume8,533
Market Cap10.159B
Beta (5Y Monthly)1.27
PE Ratio (TTM)18.97
EPS (TTM)0.54
Earnings DateN/A
Forward Dividend & Yield0.31 (2.99%)
Ex-Dividend DateDec 09, 2019
1y Target EstN/A
  • Retailers Chow Tai Fook, Sa Sa to trim store networks in Hong Kong tourist areas
    Reuters

    Retailers Chow Tai Fook, Sa Sa to trim store networks in Hong Kong tourist areas

    Hong Kong retailers are retreating from the city's protest-hit tourist areas as visitor arrivals drop, with a top jeweler and cosmetics chain pulling out of prime shopping districts such as Causeway Bay and Tsim Sha Tsui. Jewellery chain operator Chow Tai Fook Jewellery Group Ltd said on Wednesday it would review the performance of more than 40 points of sale (PoS) with leases set to expire in the 2021 financial year, and planned to close up to 15 of them, many located in the tourist districts of Causeway Bay, Mong Kok and Tsim Sha Tsui. "As said in our interim results in November 2019, the group would seek PoS network optimization in Hong Kong to enhance store profitability," a company spokeswoman told Reuters in an email reply, adding there was nothing new in its direction.

  • Financial Times

    Chow Tai Fook looks at closing a number of Hong Kong stores

    One of the world’s biggest jewellery retailers is considering closing a significant portion of its Hong Kong portfolio, as months of protests in the territory have frightened off tourists and hammered retail spending. Chow Tai Fook said it would review the leases on 40 of its shops that were due to expire in the next financial year, which runs from April 2020 and March 2021. The company did not provide a reason for the move, but nearly nine months of anti-government demonstrations have prompted a collapse in Hong Kong tourism arrivals and spending.

  • World’s Second Largest Jeweler to Shut Down About a Fifth of Its Hong Kong Stores
    Bloomberg

    World’s Second Largest Jeweler to Shut Down About a Fifth of Its Hong Kong Stores

    (Bloomberg) -- Chow Tai Fook Jewellery Group Ltd. said it plans to shut about 15 of its Hong Kong stores after their leases expire this year, in a sign that major retailers are starting to withdraw from the city’s economy as anti-China protests continue.In the first significant pullback by a luxury retailer after months of fiery demonstrations that have driven tourists away, the world’s second-most valuable jewelry chain said in an emailed statement Tuesday that it will not renew the leases of a “mid-teens” number of stores in the year starting April.Chow Tai Fook is closing the stores because it expects “macro headwinds” to continue to have an impact in the next six to 12 months, it said. Besides the protests that have at times crippled the city, volatile gold prices and U.S.-China trade tensions are also weighing on the company’s outlook.The company currently has 86 Chow Tai Fook retail outlets and five stores under other brands in Hong Kong. It is the second largest jeweler in the world by market value, after Tiffany & Co.The city’s retail and tourism sector are poised for contraction after six months of depressed sales and a lackluster Christmas season. Hong Kong, with its zero sales tax and plush shopping malls, was previously a gateway for luxury brands to reach Chinese consumers, who were known to travel to the city with empty suitcases meant to be filled up with shopping to take home.With the number of tourists now at a record low, the first quarter of 2020 is likely to bring a reckoning for retailers: more than 5,600 retail jobs could be lost and thousands of stores shut down in the first half of 2020, according to a recent survey. Prominent restaurants and bars have also announced closure plans, while cosmetics retail chain Sa Sa International Holdings Ltd. said it was likely to shutter 30 stores in Hong Kong this year.The Lunar New Year, when spending traditionally peaks in Hong Kong amid a flood of vacationing mainlanders, will also likely not provide its usual boost. Visitor numbers plunged 53% during Christmas week compared with a year earlier, according to local media reports.Chow Tai Fook said that its store closures will mainly be located in tourist districts such as Causeway Bay, Mong Kok and Tsim Sha Tsui and that it will continue to review store productivity and optimize its retail network in Hong Kong.The jeweler, controlled by the billionaire Cheng family, has seen same-store sales fall for three consecutive quarters in Hong Kong and Macau. It’s now focused on mainland China, where it plans to add 600 new stores in the year ending March 31.(Updates with store count in fourth paragraph.)To contact the reporter on this story: Jinshan Hong in Hong Kong at jhong214@bloomberg.netTo contact the editors responsible for this story: Rachel Chang at wchang98@bloomberg.net, Jeff SutherlandFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Volatility 101: Should Chow Tai Fook Jewellery Group (HKG:1929) Shares Have Dropped 22%?
    Simply Wall St.

    Volatility 101: Should Chow Tai Fook Jewellery Group (HKG:1929) Shares Have Dropped 22%?

    Chow Tai Fook Jewellery Group Limited (HKG:1929) shareholders should be happy to see the share price up 18% in the...

  • Should Chow Tai Fook Jewellery Group Limited's (HKG:1929) Recent Earnings Worry You?
    Simply Wall St.

    Should Chow Tai Fook Jewellery Group Limited's (HKG:1929) Recent Earnings Worry You?

    When Chow Tai Fook Jewellery Group Limited (SEHK:1929) released its most recent earnings update (30 September 2019), I...

  • Chow Tai Fook Supports the Launch of Loupe Jewellery Academy
    PR Newswire

    Chow Tai Fook Supports the Launch of Loupe Jewellery Academy

    With a strong commitment to preserve heritage while creating a more sustainable future, Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", "the Group" or "the Company"; SEHK stock code: 1929) has launched a ten-year sustainability strategy. Integral to this strategy is the Loupe Jewellery Academy formed under a strategic partnership with Haute École de Joaillerie (HEJ) from France, the oldest jewellery school in the world, founded in 1867 in Paris by the French Jewellers. It is designed to shape the future by incubating and inspiring forthcoming generations in the jewellery industry.

  • Earnings Miss: Chow Tai Fook Jewellery Group Limited Missed EPS By 21% And Analysts Are Revising Their Forecasts
    Simply Wall St.

    Earnings Miss: Chow Tai Fook Jewellery Group Limited Missed EPS By 21% And Analysts Are Revising Their Forecasts

    It's shaping up to be a tough period for Chow Tai Fook Jewellery Group Limited (HKG:1929), which a week ago released...

  • Is There An Opportunity With Chow Tai Fook Jewellery Group Limited's (HKG:1929) 23% Undervaluation?
    Simply Wall St.

    Is There An Opportunity With Chow Tai Fook Jewellery Group Limited's (HKG:1929) 23% Undervaluation?

    How far off is Chow Tai Fook Jewellery Group Limited (HKG:1929) from its intrinsic value? Using the most recent...

  • Chow Tai Fook Jewellery Group Limited (HKG:1929) Is Yielding 10.0% - But Is It A Buy?
    Simply Wall St.

    Chow Tai Fook Jewellery Group Limited (HKG:1929) Is Yielding 10.0% - But Is It A Buy?

    Today we'll take a closer look at Chow Tai Fook Jewellery Group Limited (HKG:1929) from a dividend investor's...

  • What Does Chow Tai Fook Jewellery Group Limited's (HKG:1929) Share Price Indicate?
    Simply Wall St.

    What Does Chow Tai Fook Jewellery Group Limited's (HKG:1929) Share Price Indicate?

    Chow Tai Fook Jewellery Group Limited (HKG:1929), which is in the specialty retail business, and is based in Hong...

  • Chow Tai Fook Jewellery Group Limited (HKG:1929) Delivered A Better ROE Than Its Industry
    Simply Wall St.

    Chow Tai Fook Jewellery Group Limited (HKG:1929) Delivered A Better ROE Than Its Industry

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • We Think Chow Tai Fook Jewellery Group (HKG:1929) Can Stay On Top Of Its Debt
    Simply Wall St.

    We Think Chow Tai Fook Jewellery Group (HKG:1929) Can Stay On Top Of Its Debt

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

  • A Close Look At Chow Tai Fook Jewellery Group Limited’s (HKG:1929) 19% ROCE
    Simply Wall St.

    A Close Look At Chow Tai Fook Jewellery Group Limited’s (HKG:1929) 19% ROCE

    Today we'll look at Chow Tai Fook Jewellery Group Limited (HKG:1929) and reflect on its potential as an investment...

  • Chow Tai Fook Jewellery Group Limited (HKG:1929) Goes Ex-Dividend In 4 Days
    Simply Wall St.

    Chow Tai Fook Jewellery Group Limited (HKG:1929) Goes Ex-Dividend In 4 Days

    Chow Tai Fook Jewellery Group Limited (HKG:1929) stock is about to trade ex-dividend in 4 days time. Ex-dividend means...

  • Does Chow Tai Fook Jewellery Group Limited's (HKG:1929) Recent Track Record Look Strong?
    Simply Wall St.

    Does Chow Tai Fook Jewellery Group Limited's (HKG:1929) Recent Track Record Look Strong?

    After looking at Chow Tai Fook Jewellery Group Limited's (HKG:1929) latest earnings announcement (31 March 2019), I...

  • What Does Chow Tai Fook Jewellery Group Limited's (HKG:1929) P/E Ratio Tell You?
    Simply Wall St.

    What Does Chow Tai Fook Jewellery Group Limited's (HKG:1929) P/E Ratio Tell You?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Why We Think Chow Tai Fook Jewellery Group Limited (HKG:1929) Could Be Worth Looking At
    Simply Wall St.

    Why We Think Chow Tai Fook Jewellery Group Limited (HKG:1929) Could Be Worth Looking At

    Chow Tai Fook Jewellery Group Limited (HKG:1929) is a stock with outstanding fundamental characteristics. When we...

  • Calculating The Fair Value Of Chow Tai Fook Jewellery Group Limited (HKG:1929)
    Simply Wall St.

    Calculating The Fair Value Of Chow Tai Fook Jewellery Group Limited (HKG:1929)

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In this article we are going to estimate the intrinsic value of Chow Tai Fook Jewellery Group Limited...

  • Chow Tai Fook Jewellery Group Announces North America Business Hub
    PR Newswire

    Chow Tai Fook Jewellery Group Announces North America Business Hub

    BOSTON , May 7, 2019 /PRNewswire/ --  Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook Jewellery Group", "the Group" or "the Company"; SEHK stock code: 1929), a Hong ...

  • Reuters

    BRIEF-Chow Tai Fook Jewellery Posts 9 Pct Growth In Qtrly Same Store Sales In Mainland China

    April 18 (Reuters) - Chow Tai Fook Jewellery Group Ltd : * QTRLY SAME STORE SALES GROWTH OF 9 PERCENT IN MAINLAND CHINA * QTRLY SAME STORE SALES GROWTH OF 1 PERCENT IN HONG KONG AND MACAU Source text for ...

  • If You Had Bought Chow Tai Fook Jewellery Group (HKG:1929) Shares Three Years Ago You’d Have Made 63%
    Simply Wall St.

    If You Had Bought Chow Tai Fook Jewellery Group (HKG:1929) Shares Three Years Ago You’d Have Made 63%

    By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with prowess, you can make superior returns. Just take aRead More...

  • Should You Think About Buying Chow Tai Fook Jewellery Group Limited (HKG:1929) Now?
    Simply Wall St.

    Should You Think About Buying Chow Tai Fook Jewellery Group Limited (HKG:1929) Now?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Chow Tai Fook Jewellery Group Limited (HKG:1929), Read More...