Chow Tai Fook (01929.HK) Hot Stock Analysis Report

Chow Tai Fook (01929.HK), as a leading gold jewelry company in Hong Kong, has its stock price closely tied to gold prices. In December 2025, the spot gold price hit a historical high, breaking through $4,500 per ounce [1][2], which is a significant positive for the gold jewelry industry. In terms of stock performance, as of December 29, 2025, the stock closed at HK$12.580, down 1.87% from the previous trading day; the 52-week high was HK$16.730, the low was HK$5.890, and the market capitalization reached HK$124.1 billion [3]. Regarding market sentiment, several well-known securities firms have given positive ratings to Chow Tai Fook. Among them, Northeast Securities gave a ‘Buy’ rating for the first time, and TF Securities maintained a ‘Buy’ rating, mainly based on its strong performance in Hong Kong and other markets (operating profit increased by 50.6%) and the 33.9% year-on-year growth in retail value from October to November 2025 [4].

The historical high of gold prices is the core driver of Chow Tai Fook’s stock price fluctuations. Although the stock price has declined slightly in the short term, analysts’ positive ratings and optimistic expectations for future target prices (average HK$17.43, corresponding to an upside potential of 38.01%) indicate that the market still has a positive outlook on its long-term prospects. The significant growth in retail value and the increase in operating profit further verify the company’s strong business performance, providing fundamental support for the long-term growth of the stock price.

: The continued high level of gold prices may further drive the growth of Chow Tai Fook’s product demand and sales revenue, and analysts’ positive ratings may also attract more investor attention. : Gold prices are highly volatile. If gold prices fall sharply in the future, it may have a negative impact on Chow Tai Fook’s stock price and profitability. In addition, intensified competition in the retail market may also affect the company’s market share and profit level. Investors need to pay attention to these risk factors and make comprehensive judgments in combination with their own investment strategies.

Chow Tai Fook (01929.HK) benefited from the historical high of gold prices in December 2025. Although the stock price corrected slightly in the short term, the company’s fundamentals are strong, and many securities firms have given positive ratings. The average target price of HK$17.43 shows great upside potential, but attention should be paid to the impact of risk factors such as gold price fluctuations and market competition on future performance.