Analysis of Chow Tai Fook (01929.HK) Gaining Attention on Hong Kong Stock Market Hot List

Chow Tai Fook (01929.HK) recently made it to the hot list of the Hong Kong stock market on East Money App [1], and the driving forces behind this mainly come from positive industry-level trends. China’s gold market continues to heat up, and gold jewelry has become one of the fastest-growing categories in the domestic jewelry industry. The demand for 24K gold products among young consumer groups has increased significantly, which is the ‘old store effect’—gold products with traditional craftsmanship and brand history are favored by young consumers [0]. In addition, the market expects China’s luxury goods market to gradually stabilize and consumer confidence to improve step by step in 2026 [0]. As a leading brand in the gold jewelry field, Chow Tai Fook directly benefits from these industry dividends.

1. Synergy between Industry Trends and Brand Value
   : Chow Tai Fook’s brand history and traditional craftsmanship advantages are in line with the current ‘old store effect’ consumption trend, enhancing its influence among young consumer groups.
2. Market Expectation Transmission
   : The stable expectations of the luxury goods market and improved consumer confidence may drive investors’ attention to leading luxury-related enterprises like Chow Tai Fook.

• The continuous heating up of China’s gold market brings growth potential to Chow Tai Fook’s core business
• The consumption structure change brought by the ‘old store effect’ provides opportunities for the brand to expand its young customer base
• The stable expectation of the luxury goods market enhances the enterprise’s confidence in long-term development

• The luxury goods market is greatly affected by the economic environment and consumer confidence, with certain volatility
• Intensified industry competition may affect the enterprise’s market share
• Fluctuations in gold prices may affect the enterprise’s gross profit margin

Chow Tai Fook (01929.HK) gaining attention on the Hong Kong stock market hot list mainly comes from positive industry-level trends, including the heating up of China’s gold market, the ‘old store effect’ driving the growth of gold jewelry demand, and the stable expectation of the luxury goods market. As a leading gold jewelry retailer, Chow Tai Fook has the basic conditions to directly benefit from these trends, but it also needs to pay attention to the risks brought by market volatility and industry competition.