Lyon: Chow Tai Fook (01929.HK) demonstrates strong resilience in same-store sales in the first quarter, maintaining a "hold" rating.

Zhtng Cijng APP huxn, l'ng fb ynbo chng, zhu df (01929.HK) jizh jnnin 6 yud zh 2027 cinin shuj lngxin shuqin xuo shu j tngdin xuo shu zngzhng boch ruxng, nid f gng'o shchng lngxin zh fnbi tngb zngzhng 10.7% j 44.8%, tngdin xuo shu zngzhng fnbi wi 19.6% j 41.7%, dn 7 yu shu tinq j shji bi sish yngxing, do din rnli yu su fngmn. L'ng wich zhu df "hyu" pngj, mbio ji 10.7 gng yun. According to the Zhtng Cijng APP, Lyon released a research report stating that as of the end of June this year, Chow Tai Fook (01929.HK) maintained resilience in retail sales and same-store sales growth in the first quarter of the 2027 fiscal year, with retail value in mainland China and Hong Kong and Macau markets increasing by 10.7% and 44.8% respectively year-on-year; same-store sales growth of 19.6% and 41.7% respectively. However, in July, foot traffic in stores has slowed down due to weather and the World Cup event. Lyon maintains a "hold" rating on Chow Tai Fook with a target price of 10.7 Hong Kong dollars.