Analysis of the Reasons for Chow Tai Fook (01929.HK) Being Popular and Its Market Impact

Chow Tai Fook (01929.HK) is a leading gold jewelry retailer in the Chinese and Hong Kong markets, belonging to the consumer goods sector [0]. On December 22, 2025, it ranked on the Hong Kong Stock Popularity List of the East Money App, mainly driven by two core factors: First, the gold price broke through 4500 USD/oz in December 2025 to hit an all-time high, which was jointly driven by increased safe-haven demand, expectations of Fed rate cuts, and continued gold purchases by central banks [1], directly increasing the value of Chow Tai Fook’s gold inventory and possibly driving sales growth; Second, the event occurred only a few weeks before the 2026 Lunar New Year, which is a traditional consumption peak season for Chinese gold jewelry, and investors expected it to achieve strong sales [0].

1. Linkage between gold price and stock price: As a gold jewelry retailer, Chow Tai Fook’s stock price is highly correlated with the trend of gold prices. This record rise in gold prices directly catalyzed the market’s optimistic expectations for its performance [0].
2. Superimposition of seasonal demand: The Lunar New Year consumption peak season and the rise in gold prices form a double positive, amplifying the market’s confidence in Chow Tai Fook’s short-term performance growth [0].
3. Increased investor attention: Ranking on the East Money App hot list reflects a significant increase in the attention of the Chinese investor community to gold-related assets, which may attract more capital inflows [0].

• Opportunities
  : The superposition of high gold prices and consumption peak season is expected to drive the growth of Chow Tai Fook’s sales revenue and profits; Institutional investors may increase their allocation to gold-related stocks [0].
• Risks
  : Gold price volatility risk—if the gold price corrects, it will directly affect its stock price [0]; Fierce market competition may affect market share and profit margins [0]; Slowdown in China’s economic growth or decline in consumer confidence may weaken gold jewelry consumption demand [0].

Chow Tai Fook (01929.HK) became a hot stock in Hong Kong due to the all-time high gold price and the approaching Lunar New Year consumption peak season, with market sentiment tending to be bullish. Although specific price and trading volume data cannot be obtained due to tool limitations, it can be inferred that its stock price and trading volume are likely to rise simultaneously. Investors need to pay attention to key support levels (such as 4300 USD/oz) and resistance levels (such as 4500 USD/oz) of gold prices [0], and be alert to risk factors such as gold price volatility, market competition, and macroeconomics.