CHOW TAI FOOK Opens 3.8% Higher after Expecting Full-Yr NP to Climb 45-55%
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CHOW TAI FOOKopened 3.78% higher at HKD11.25, following a positive profit alert. The company expects its net profit for the year ending March 31, 2026, to rise by 45-55% YoY, driven by improved gross profit margins due to higher gold prices, a favorable sales mix, and disciplined cost management. Short selling amounted to $70.93M with a ratio of 35.9%.
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