Chow Tai Fook Jewellery Group Ltd

01929: XHKG (HKG)

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Chow Tai Fook: Initiating Coverage of a Leading Gold Jeweler in China; Shares Undervalued

Jeff Zhang

Sep 17, 2026

We initiate coverage of Chow Tai Fook, the largest gold jewelry manufacturer and retailer in the Greater China region. The fixed-price jewelry revenue mix rose to 35% in fiscal 2026 from about 25% in fiscal 2021, driven by CTF's appealing product design and growing demand from young consumers.

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Chow Tai Fook Jewellery Group Ltd

Chow Tai Fook: Initiating Coverage of a Leading Gold Jeweler in China; Shares Undervalued

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