LUK FOOK HOLD Launches Five New Stores in Vietnam, Enhancing Retail Footprint in Southeast Asia
Grand Opening Celebration: LUK FOOK HOLD held a "Grand Opening Celebration for Five Shops in Vietnam," marking its rapid expansion in the local market since August 2025, with a simultaneous ribbon-cutting ceremony across all shops.
Market Presence: The company now has points of sale in major Vietnamese cities, including Hanoi, Ho Chi Minh City, and Hai Phong, located in premium shopping malls, enhancing the local jewellery market.
Positive Sales Outlook: Citi has a positive outlook for LUK FOOK HOLD's sales during the Lunar New Year, maintaining a "Buy" rating for the stock.
Future Expansion Plans: LUK FOOK HOLD aims to continue focusing on high-growth markets and accelerate its overseas expansion to enhance its global retail presence.
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Jewelry and Gold Mining Stocks Soar as Gold and Silver Prices Reach Record Highs; LAOPU GOLD Jumps 14% to Six-Month Peak
Gold and Silver Prices Surge: Gold futures in New York reached a historic high of USD5,080.1 per ounce, while silver futures peaked at USD107.925, reflecting significant increases in precious metal prices.
Jewelry Stocks Performance: Hong Kong-listed jewelry stocks, particularly LAOPU GOLD, experienced substantial gains, with expectations of strong sales during the Spring Festival due to high gold prices and promotional activities.
Gold Miners Thrive: Gold mining companies like ZIJIN MINING and ZHAOJIN MINING saw their stock prices rise significantly, benefiting from the increasing gold prices and high trading volumes.
Short Selling Activity: Various stocks in the jewelry and mining sectors showed notable short selling ratios, indicating a mix of investor sentiment and market speculation amidst the rising prices of gold and silver.
Jewelry and Gold Stocks Perform Well; LAOPU GOLD Rises Approximately 7%; LUK FOOK HOLD Reaches 7.5-Year High; CHOW TAI FOOK Remains Weak
Gold and Silver Prices Surge: Gold prices are nearing US$5,000 per ounce, with spot gold last quoted at US$4,944.08, while spot silver reached US$98.64 per ounce, reflecting significant increases in both metals.
Impact on Jewelry Stocks: The rise in gold prices has led to increased market expectations for gold product prices, positively affecting jewelry stocks in Hong Kong, particularly LAOPU GOLD, which saw a notable increase in its share price.
