JPMorgan: Raises Chow Tai Fook (01929.HK) target price to HK$19, lists it as top pick in China's jewelry sector.

Zhitong Finance APP has learned that JPMorgan released a research report stating that Chow Tai Fook (01929.HK) has shown more prominent resilience than the overall industry amid weak consumer sentiment and gold price volatility, and has been listed as the bank's top pick in the China jewelry sector, with its target price raised from HK$18.5 to HK$19, while reiterating the "Overweight" rating.