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  1. Sales decline hits jeweller's shares

    Posted Jul 13th 2012, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com Chow Tai Fook Jewellery, the world's largest listed jewellery retailer, slumped almost 9 per cent after reporting a decline in second-quarter ... impact on high-end jewellery consumption. Chow Tai Fook said in a filing on Wednesday night that same-store sales in its Hong Kong and Macau stores dropped 1 per cent for the three months ...

  2. Mainland's richest see glitter that's not gold

    Posted May 07th 2012, 12:00am

    ... with private banks and wealth-management divisions was key for Chow Tai Fook to attract VIP clients, Cheng said. Growth was expected to pick up in the second half after the leadership change in China, ... million) last year with Chow Tai Fook, and who were later invited to the jeweller's first auction in Hong Kong. The event was part of a brand revamping campaign for Chow Tai Fook. High-end ...

  3. Mainland firms on track to list in the city

    Posted Nov 09th 2011, 12:00am

    ... of the year includes Hairun Media. $73.3b Eight new firms, including Chow Tai Fook, plan to raise this amount, in Hong Kong dollars, from listing in the city ... Tai Fook is slated for a listing hearing tomorrow, says a person with knowledge of the matter. The share offering is expected to be about US$3 billion to US$4 billion. The price range ...

  4. IPO giants see shares dip on first trading day

    Posted Dec 16th 2011, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com Chow Tai Fook Jewellery and New China Life Insurance fell below their listing prices on their first trading day in Hong Kong as investors worried about the global economy and a decline in the price of gold. Chow Tai Fook, the world's largest listed jewellery chain, fell as much as 8.9 per cent yesterday after raising HK$15.8 billion ...

  5. Sales lack real sparkle, but optimism stays

    Posted Feb 07th 2012, 12:00am

    ... the festive season this year. Luk Fook's Lunar New Year sales grew only 4 per cent year on year. Its stock closed at a two-month low of HK$26.50 yesterday. Chow Tai Fook shares closed at a new ... such as Chow Tai Fook and Luk Fook need to review their aggressive expansion plans in light of an expected economic slowdown, some maintain that expansion remains the key to growth. Gabriel Chan ...

  6. Ping An falls 9.9pc to 6-month low after Cheng buys stake

    Posted Mar 19th 2011, 12:00am by Amanda Lee

    ... to a filing with the Hong Kong stock exchange, Chow Tai Fook also had a short position in 196 million Ping An H shares in the form of cash-settled unlisted derivatives. However, Ping An's ... shares should be placed with Chow Tai Fook instead of being offered to existing shareholders'. Yue and other analysts also see short-term weakness in Ping An shares as a result ...

  7. Giordano shares surge as tycoon raises stake

    Posted May 31st 2011, 12:00am

    ... cents. Investors grew bullish after billionaire Cheng, chairman of New World Development and owner of jewellery chain Chow Tai Fook, raised his stake to 16.2 per cent after buying 17.8 million ... raising his stake. Hong Kong's Ming Pao newspaper quoted an anonymous source last Friday as saying Giordano's management thought Cheng would continue buying shares to gain a controlling ...

  8. Low pricing in Huazhong's favour

    Posted Dec 24th 2011, 12:00am

    ... million. The price would be fixed on January 6. Most listings this year, including that of the world's largest listed jewellery chain, Chow Tai Fook, fell below their offer prices when they began trading. Li Kwok-suen, a fund manager at Phillip Capital Management, said the small size and low pricing of Huazhong's offering might attract buyers to the issue. Listing sponsor ...

  9. HK businesses travel differing roads

    Posted Apr 03rd 2006, 12:00am by Elaine Wu

    ... Elaine Wu When it comes to going north, Hong Kong retailers have taken different approaches in expanding their mainland operations. Jewellery chain Chow Tai Fook prefers a rapid approach. ... markets' such as Dongguan, Fuzhou, Ningbo and Harbin. It also broke into Taiwan last month with the opening of a shop in Taipei. Chow Tai Fook operates a mix of business models in the mainland. ...

  10. New World's Cheng climbs Forbes rich list

    Posted Jan 07th 2012, 12:00am

    ... slowdown. The executive chairman of New World Development is the No 4 richest person in Hong Kong following the listing of his firm's jewellery retail arm, Chow Tai Fook Jewellery, last month. ... worth by 24 per cent to US$15.4 billion last year. Uncertainties about the firm's top management and a family feud were resolved in September when a succession plan was put in place. Kwong ...




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