Citi Initiates 30-Day Upside Catalyst Watch for CHOW TAI FOOK, Expects Robust 3Q26 Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
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Source: aastocks
Citi's Research Report: Citi has initiated a 30-day upside catalyst watch on CHOW TAI FOOK (01929.HK), anticipating strong 3QFY26 operating results and an increase in same-store sales growth guidance in January.
Performance Expectations: Following robust performance in October and November, Citi expects sustained favorable same-store sales growth in December due to rising fixed-price gold product prices.
Rating and Target Price Update: Citi has maintained a Buy rating on CHOW TAI FOOK and raised its target price from HKD17 to HKD18.2, reflecting an improved earnings forecast.
Short Selling Data: As of January 2, 2026, CHOW TAI FOOK has a short selling amount of $33.58M with a ratio of 68.416%.
Analyst Views on 01929
Wall Street analysts forecast 01929 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01929 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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Current: 13.590
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Current: 13.590
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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.
