Morgan Stanley released a research report stating that Chow Tai ?$#@$ (01929.HK) was rated “in sync with the market”. In view of the sharp rise in gold prices in the second half of the 2024 fiscal year, particularly in March, it is expected that Chow Tai Fook's gold loans will experience huge unrealized losses in the second half of the fiscal year. It is estimated that the annual net profit will increase by 31%, and the dividend per share is expected to reach 0.6 yuan, which means that the target price will drop from HK$13.5 to HK$12.
大摩：予周大福(01929.HK)“与大市同步”评级 目标价降至12港元
Tama: Target price for Chow Tai ?$#@$ (01929.HK)'s “In sync with the market” rating was reduced to HK$12
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