Citigroup's research report states that the revenue forecast for Chow Tai Fook (01929.HK) for the fiscal years 2025 to 2027 remains unchanged; the profit forecast is raised by 6% to 12%. The target price has been revised from 9.4 yuan to 9.9 yuan, equivalent to a PE ratio and earnings forecast of 14 times and 5.3% for the 2025 fiscal year, giving it a "buy" rating. (js/w)

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