"A-Share Focus" CHOW TAI SENG slightly rises, stating that under the new gold tax regulations, the company has a cost advantage, benefiting business development
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CHOW TAI SENG stated that under the new gold tax regulations, as a member of the Shanghai Gold Exchange, the company enjoys significant tax cost advantages. It is expected that the new regulations will increase the sales costs for jewelry gold retailers by about 7%. The company believes that as the industry becomes more standardized, market share will concentrate among enterprises with qualifications, scale, and brand advantages, creating a more favorable operating environment. CHOW TAI SENG's stock price opened about 0.3% lower this morning, currently up 0.5%, at RMB 13.14
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