💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
📌 Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
👉 https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
👉 https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl
Macquarie lowers the target price for Chow Tai Fook to HKD 14.1, with a rating of "Outperform".
Golden Ten Data on June 16, Macquarie Research Report, Chow Tai Fook (01929. HK) revenue decreased by 15% year-on-year in the second half of FY2025. Operating profit grew 15% year-on-year, beating the bank's expectations of 13% and the consensus of 11%. Net profit rose 74% year-on-year, beating the bank's expectations by 24%. Macquarie believes Chow Tai Fook will deliver solid earnings growth in FY2026 on the back of jewellery demand recovery and efficiency improvements, placing Chow Tai Fook on the Select Buy List with an "Outperform" rating. Macquarie lowered its FY2026 and FY2027 net income forecasts by 1.6% and 1.9% respectively to reflect full-year guidance and gold price volatility. Based on the unchanged FY2026 P/E forecast of 15x, the bank lowered its target price by 1.4% to HK$14.1.