Citi: Chow Tai Fook (01929.HK) 1H FY2027 Profit Alert Beats Expectations; Maintains "Buy" Rating

Citi released a research report stating that Chow Tai Fook's (01929.HK) profit alert for the first half of FY2027 beat expectations. The bank estimates its net profit grew 90% to 100% year-on-year, higher than the market expectation of 80% to 90%. The bank maintains its "Buy" rating on Chow Tai Fook and a target price of HK$15.4.