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Lyon: Chow Tai Fook created (00659)'s second-half results and final profit expectations to maintain a “outperforming the market” rating
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The Zhitong Finance App learned that Lyon released a research report stating that it will keep Chow Tai Fook's (00659) “Outperform the Market” rating and target price of HK$11.5 unchanged. The company's adjusted recurring profit for the second half of fiscal year 2026 increased 10% year over year to $1,539 million, and final interest rate rose 4% year over year to $0.33 per share, higher than the bank's forecast of 8% and 3% respectively. The report points out that, like last year, the company announced another 1 for 10 bonus shares, and the market should be viewed as neutral to positive. In terms of operations, the bank saw progressive positive factors, and Chow Tai Fook Life seemed to be resilient in the face of intensifying policy headwinds.

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