The Zhitong Finance App learned that Lukfook Group (00590) fell more than 5% in early trading. As of press release, it decreased by 5.48% to HK$20.02, with a turnover of HK$143.37,600.

According to the news, Lukfook Group recently announced that in the second quarter of fiscal year 2027 (July-September), overall retail value increased 8% year on year, with mainland China down 2% year on year and China's Hong Kong and Macau markets up 17% year on year; overall retail revenue increased 23% year on year, with mainland China increasing 28% year on year, and the Hong Kong and Macau market in China growing 17% year on year.

Cinda Securities released a research report saying that in terms of same-store sales, same-store sales at the company's own stores increased 12% year on year in the second quarter of fiscal year 2027. Among them, mainland China increased 3% year on year, and the Hong Kong and Macau markets in China increased 13% year on year, all slowing down from the first quarter; same-store sales at brand stores, which account for about 90% of mainland stores, increased 1% year on year. The bank pointed out that the number of net store closures in mainland China has narrowed significantly compared to the previous quarter, and channel adjustments may be coming to an end.

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