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CJEWF - Chow Tai Fook Glitters As Hedge Against Lower Interest Rates
Chow Tai Fook Jewellery Group Ltd.
2024-04-19 03:00:00 ET
Summary
Chow Tai Fook’s sales grew 12.4% in the first three months of this year, accelerating from the company’s 6% revenue growth in the six months through September 2023.
As China’s largest listed jeweler, Chow Tai Fook could benefit from gold’s recent rise to record-high prices.
The market didn’t find too much glitter in Chow Tai Fook’s latest numbers.
China's leading jewelry seller has benefited from spiking gold prices that reached an all-time high after Iran's drone attack on Israel last week ...