Luk Fook Posts Strong Q4 Sales on Surging Gold Demand
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Luk Fook Holdings (HK:0590) reported a 19% year-on-year increase in retail sales for Q4, driven by a 36% surge in retail revenue, primarily from gold and platinum products, which now make up 82% of sales. Same-store sales rose 33%, with gold products up 42%. The company experienced strong demand in Hong Kong, Macao, and overseas markets, with sales growth exceeding 39%. Analysts rate the stock as a Buy with a price target of HK$36.74. The current market cap is HK$13.64B.
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