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According to a research report published by Citigroup, due to weak same-store sales growth in mainland China and continued store closures, the company's revenue expectations were lowered, and the company's gross margin forecast was lowered due to falling gold prices, but this was partly offset by higher hedging earnings. The bank lowered Lukfook's net profit forecast for the 2027-29 fiscal year by 10 to 17%, and the target price was lowered from HK$31.8 to HK$27.4, and the “buy” rating was renewed.
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According to a research report published by Citigroup, due to weak same-store sales growth in mainland China and continued store closures, the company's revenue expectations were lowered, and the company's gross margin forecast was lowered due to falling gold prices, but this was partly offset by higher hedging earnings. The bank lowered Lukfook's net profit forecast for the 2027-29 fiscal year by 10 to 17%, and the target price was lowered from HK$31.8 to HK$27.4, and the “buy” rating was renewed.
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