LUK FOOK HOLD

Luk Fook closed at HK$22.80, up 2.80%, after an intraday pattern of rally-and-retreat—touching a morning high of HK$23.38 before drifting back to a low near HK$22.62 in the afternoon, settling above the open. The move was driven by 's FY2026 results released after market close: net profit surged 86% YoY to HK$2.046 billion, revenue rose 29% to HK$17.21 billion, EPS hit HK$1.2149 (+114.4%), and operating income jumped 148.4%. Despite the strong fundamentals, the stock still trades 33.9% below its 52-week high of HK$34.5 and below its 60-day MA of HK$22.27, with YTD losses of 4.1%; its PE of 6.54x and PB under 0.9x suggest the market remains cautious on mainland retail recovery. Citi and CICC recently raised their target prices to HK$31.8 and HK$35.9 respectively, citing gold-price-driven structural growth. However, the afternoon pullback indicates near-term profit-taking pressure.