Gold Jewelry Price Surge: Gold jewelry prices from domestic brands in Mainland China have risen significantly, with most brands exceeding RMB1,300 per gram, marking a new record for single item prices.
Leading Brand Prices: CHOW TAI FOOK has set its price at RMB1,313 per gram, while Lukfook Jewelry and CHOW SANG SANG have also increased their prices to RMB1,311 and RMB1,309 per gram, respectively.
Market Reactions: The increase in gold prices comes amid concerns over excessive sector decline following the announcement of new VAT regulations on gold by the Chinese government.
Short Selling Data: As of November 12, short selling data indicates significant activity in the market, with CHOW TAI FOOK experiencing short selling of $85.02 million and a ratio of 51.611%.
Wall Street analysts forecast 00116 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00116 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00116 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00116 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 12.610
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Current: 12.610
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
