HSBC raised target for Chow Tai Fook stock to HKD 10.40

Published on 10/13/2026 at 07:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue reached HKD 94.398 billion, up 5.30 percent year over year. Chow Tai Fook stock has a HKD 15.69 target from 17 analysts.

Key points in brief

HSBC raised its Chow Tai Fook target from HKD 10.00 to HKD 10.40 on September 25, 2026.
Fiscal 2026 revenue reached HKD 94.398 billion, up 5.30 percent year over year.
Fiscal 2026 net profit was HKD 18.85 billion, up 27.80 percent year over year.
The HKEX quote was HKD 10.60 on October 13, 2026, with market capitalization of HKD 104.6 billion.

Chow Tai Fook, KYG211461085, Illustration mit AI erstellt.

HSBC Research raised its target for Chow Tai Fook stock from HKD 10.00 to HKD 10.40 on September 25, 2026, while maintaining a Buy rating, according to AASTOCKS. The target change followed fiscal 2026 results that HSBC described as broadly in line with expectations.

HSBC target moves to HKD 10.40

The analyst view puts the financial services segment at the center of the earnings story. According to AASTOCKS, financial services operating profit increased 19.00 percent year over year and became the largest contributor to earnings for the first time. Logistics operating profit declined 13.00 percent year over year, creating a clear counterweight to the stronger financial services result.

What does profit growth mean?

Chow Tai Fook reported fiscal 2026 revenue of HKD 94.398 billion, up 5.30 percent year over year, while net profit reached HKD 18.85 billion, up 27.80 percent, according to iMedia. The gap between revenue and profit growth points to margin expansion as the central operating factor, with net profit margin reported at 20.00 percent and gross profit margin at 32.30 percent in fiscal 2026.

The latest interim picture was more restrained. Revenue in the first half of fiscal 2026 reached HKD 38,986 million, up 1.10 percent year over year, while operating profit rose 0.70 percent to HKD 6,823 million and the operating margin reached 17.50 percent, according to Quartr. Mainland same-store sales grew 2.60 percent, while Hong Kong and Macau same-store sales increased 4.40 percent in the same period.

HKEX value and trading level

Chow Tai Fook Jewellery Group trades on HKEX under ticker 1929.HK and ISIN KYG211461085, according to Global Banking and Finance. The finance quote was HKD 10.60 at 11:59 a.m. HKT on October 13, 2026, while the market capitalization was HKD 104.6 billion. The 52-week range was HKD 10.34 to HKD 16.95.

The broader analyst picture remains above the quoted market level. Tweenvest listed an Outperform consensus, a HKD 15.69 average target and 17 analysts covering the stock. Its reported annualized dividend was HKD 0.67 per share, adding an income component to the valuation discussion.

Trading context stays valuation-driven

The current setup combines a 27.80 percent fiscal-year net profit increase with only 5.30 percent revenue growth. That spread makes margin quality and the contribution from financial services more important than headline sales growth for the next assessment of Chow Tai Fook.

At HKEX, the quote stood at HKD 10.60 on October 13, 2026 at 11:59 a.m. HKT, with a 52-week low of HKD 10.34 and high of HKD 16.95. The further course of trading is shown by the continuously updated real-time quote of Chow Tai Fook stock.