Luk Fook Holdings International Ltd

Entity type image
Type: Company
Name: Luk Fook Holdings International Ltd
First reported May 20 2013 - Updated May 20 2013 - 1 reports

Top mixed asset manager swaps bonds for 'cheap' Chinese equities

Ecclesiastical Higher Income fund manager Robin Hepworth is taking a more cautious view on expensive fixed income markets and has been recycling into predominantly Asian equities over the past three months.Citywire A-rated Hepworth has been out of government ... [Published Citywire - May 20 2013]
First reported May 08 2013 - Updated May 08 2013 - 1 reports

[I-bank focus]Jefferies cuts TPs for Luk Fook & CSS (00116)

] Jefferies Research believes the recent downward goldprice trend will inevitably affect HK/China jeweller's margins and earnings. The houserevised down its earnings forecast for Luk Fook (00590) by 9.7% and Chow Sang Sang(CSS)(00116) by 7.5%.It also ... [Published etnet.com.hk - May 08 2013]
First reported May 03 2013 - Updated May 03 2013 - 1 reports

MS cuts TPs of gold, jewellery retailers; positive on Lukfoo...

MS cuts TPs of gold, jewellery retailers; positive on Lukfook, Chow Sang Sang 2013-04-26 12:11 Email Print New Window Size Morgan Stanley noted in a research report that after it lowered the gold price forecast by 16% to US$1487, it also reduced the 2013 ... [Published Aastocks.com - May 03 2013]
First reported May 03 2013 - Updated May 03 2013 - 1 reports

LUK FOOK HOLD (00590.HK) frowns on gold price rebound

2013-05-02 10:33 Email Print New Window Size Wong Wai Sheung, Chairman and Chief Executive Officer of LUK FOOK HOLD (00590.HK) disclosed that during the May Day Holiday, most of its customers were tourists from the mainland and some of them were huge ... [Published Aastocks.com - May 03 2013]
First reported Apr 25 2013 - Updated Apr 25 2013 - 1 reports

Gold Shortage In Asia: Chinese Gold Exchange Rush-Ordering Supplies From Europe To Meet Heightened Demand

Translated by Sophie SongWith Asian gold supplies depleted because the recent drop in prices spurred massive demand, the Chinese Gold & Silver Exchange Society is rush-ordering four times its usual amount of gold bars from Switzerland and London to meet ... [Published International Business Times Australia - Apr 25 2013]
First reported Apr 25 2013 - Updated Apr 25 2013 - 1 reports

HSBC cuts Luk Fook (00590) target price to $28

PM (Infocast News) HSBC said in its research report that with gold price having recently dropped to below US$1,400 per oz, Luk Fook (00590) would need to take a one-off hit on its 2-3 months of gold inventory as gold retail prices are based on spot. The ... [Published CCB International - Apr 25 2013]
First reported Apr 21 2013 - Updated Apr 22 2013 - 2 reports

Luk Fook Posts 14% Rise in China Store Sales

(IDEX Online News) - Luk Fook Holdings (International) Ltd posted a 14-percent rise in same-store sales in Mainland China in ‎the fourth fiscal quarter that ended March 31.Same-store sales in its Macau and Hong Kong stores showed an even steeper increase ... [Published Idex Online - Apr 22 2013]
First reported Apr 19 2013 - Updated Apr 19 2013 - 1 reports

*HSBC: stabilising gold prc catalyst for Luk Fook

Infocast Limited and its information providers endeavour to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability (whether in tort or contract or otherwise) for any loss ... [Published InfocastFN.com - Apr 19 2013]
First reported Apr 16 2013 - Updated Apr 16 2013 - 1 reports

[I-bank focus]UOBKH upgrades Luk Fook (00590) to "buy"

] UOB Kay Hian lowered its target price for Luk FookHoldings (00590) to HK$27 from HK$30.3, but upgraded the stock to "buy" on the back of its28% YTD share price drop and looming profit recovery.The research house said key takeaways from Luk Fook's conference ... [Published etnet.com.hk - Apr 16 2013]
First reported Apr 16 2013 - Updated Apr 16 2013 - 1 reports

Luk Fook sales up in Macau and Hong Kong

Jewellery retailer Luk Fook Holdings (International) Ltd yesterday announced that the same-store sales performance for the group’s self-operated shops in Macau and Hong Kong was up 29 percent for the first three months of 2013.The company didn’t disclose ... [Published Macau Business - Apr 16 2013]
First reported Apr 15 2013 - Updated Apr 16 2013 - 9 reports

LUK FOOK HOLD (00590.HK) rated Neutral with target cut to $25.5 by ...

Bank of America Merrill Lynch noted in a research report that the prospect of LUK FOOK HOLD (00590.HK)'s profit margin is uncertain, while sales and revenues are expected to register a growth of 21% and 9% respectively. The Broker reduced the target price ... [Published Aastocks.com - Apr 16 2013]
First reported Apr 16 2013 - Updated Apr 16 2013 - 1 reports

BofAML cuts Luk Fook (00590) target price by 8%

(Infocast News) Luk Fook Holdings (International) Limited (00590) reported better-than-expected same-store-sales growth (SSSG) in the fiscal fourth-quarter with 29% in Hong Kong/Macau and 14% in China, which helped bring the full-year SSSG to be high ... [Published Kingston Securities - Apr 16 2013]

Quotes

In particular, LUK FOOK HOLD (00590.HK) "s target price was cut from $31.6 to $26.9, with Overweight rating; CHOW SANG SANG (00116.HK)" s target price was cut from $24.6 to $24.5, with Overweight rating; CHOW TAI FOOK (01929.HK)'s target price was cut from $13.3 to $11...
"It’ll be the end of the month before any more gold makes its way to Hong Kong,” said a dealer of the Hong Kong-based exchange. “Customers will have to be patient, because it will take a week or two to fulfill their orders.” Due to the demand in Asia, global gold price has bounced back from $1,320 per ounce last Monday to as high as $1,450 during Asian trading sessions."
"We expect their numbers to continue rising during the holiday period, but the growth in consumption per person is likely to be slow" CCB International Securities senior analyst Forrest Chan said
"It's hard to say how much the additional sales will help. If the dealers have a low hedge ratio and thus a high net position of gold holding, falling prices may not be fully compensated by sales improvement" said Will Leung, the head of investment strategy at Standard Chartered's wealth management unit

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Hong Kong Short Selling Turnover Recorded 05/22... [Published BusinessWeek - 16 hours ago]
Hong Kong Short Selling Turnover Recorded 05/21... [Published BusinessWeek - May 21 2013]
Top mixed asset manager swaps bonds for 'cheap'... [Published Citywire - May 20 2013]
Hong Kong Short Selling Turnover Recorded 05/20... [Published BusinessWeek - May 20 2013]
Hong Kong Short Selling Turnover Recorded 05/16... [Published BusinessWeek - May 16 2013]
Hong Kong Short Selling Turnover Recorded 05/15... [Published BusinessWeek - May 15 2013]
Hong Kong Short Selling Turnover Recorded 05/14... [Published BusinessWeek - May 14 2013]
Hong Kong Short Selling Turnover Recorded 05/13... [Published BusinessWeek - May 13 2013]
Hong Kong Short Selling Turnover Recorded 05/09... [Published BusinessWeek - May 09 2013]
[I-bank focus]Jefferies cuts TPs for Luk Fook &... [Published etnet.com.hk - May 08 2013]
Hong Kong Short Selling Turnover Recorded 05/08... [Published BusinessWeek - May 08 2013]
Hong Kong Short Selling Turnover Recorded 05/07... [Published BusinessWeek - May 07 2013]
LUK FOOK HOLD (00590.HK) frowns on gold price r... [Published Aastocks.com - May 03 2013]
MS cuts TPs of gold, jewellery retailers; posit... [Published Aastocks.com - May 03 2013]
Hong Kong Short Selling Turnover Recorded 04/29... [Published Bloomberg - Apr 29 2013]
Gold Shortage In Asia: Chinese Gold Exchange Ru... [Published International Business Times Australia - Apr 25 2013]
HSBC cuts Luk Fook (00590) target price to $28 [Published CCB International - Apr 25 2013]
Hong Kong Short Selling Turnover Recorded 04/25... [Published BusinessWeek - Apr 25 2013]
Hong Kong Short Selling Turnover Recorded 04/23... [Published BusinessWeek - Apr 23 2013]
Luk Fook Posts 14% Rise in China Store Sales [Published Idex Online - Apr 22 2013]
Hong Kong Short Selling Turnover Recorded 04/22... [Published Bloomberg - Apr 22 2013]
Shopping shine dulls for Labor Day [Published Hong Kong Standard - Apr 21 2013]
Luk Fook Same-Store China Sales +14% in 1Q [Published Rapaport News - Apr 21 2013]
*HSBC: stabilising gold prc catalyst for Luk Fook [Published InfocastFN.com - Apr 19 2013]
Hong Kong Short Selling Turnover Recorded 04/19... [Published Bloomberg - Apr 19 2013]
[I-bank focus]Macquarie cuts Lianhua (00980) TP... [Published etnet.com.hk - Apr 19 2013]
[I-bank focus]Macquarie trims Luk Fook (00590) ... [Published etnet.com.hk - Apr 19 2013]
Investors dump stocks on poor mainland data; Ha... [Published Penn Energy - Apr 17 2013]
Hong Kong shares to open 0.6 pct higher, Chow T... [Published Reuters - Apr 17 2013]
*Bird flu brings limited impact on LUK FOOK HOL... [Published Aastocks.com - Apr 16 2013]
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