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  • July 12, 2014
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  1. Business - Companies - MARKETS

    Optimism puts shine on jewellery stocks

    Posted Jan 04th 2013, 12:00am by Jeanny Yu

    ... for Chow Tai Fook and 12.3 times for Luk Fook. The Hang Seng Index is trading around 12 times forward earnings. The mainland's non-manufacturing purchasing managers' index stood at 56.1 ... at HK$27.40 yesterday. Chow Tai Fook gained 1.69 per cent to close at HK$13.22 while Hengdeli rose 4.6 per cent to HK$2.96. Chow Sang Sang was the biggest gainer of its peers after Morgan Stanley ...

  2. News - Hong Kong - PROPERTY

    Pioneering deal gives artists cut-price space

    Posted Jun 28th 2013, 12:00am by Vivienne Chow

    ... in Wong Chuk Hang, east of Aberdeen, will become the first such collaboration with private business. The council is also looking at turning a soon-to-be vacant secondary school building in Tai Po ... managing director David Fong Man-hung said its offer to hand over one floor for arts and culture development was a result of its commitment to corporate and social responsibility. Fong said ...

  3. Luk Fook shares buoyed by news of rosy profits

    Posted Nov 30th 2011, 12:00am

    ... the company is still attractive for investors based on its current stock price.' Luk Fook, the second-largest Hong Kong jeweller in terms of shop numbers after Chow Tai Fook, has 780 retail ... share for the reporting period. Chow Tai Fook is seeking to raise about HK$30 billion through an initial public offering in the city next month. It aims to have 2,000 stores by 2016, from ...

  4. 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 ...

  5. Property - Hong Kong & China - HONG KONG RESIDENTIAL

    Sales plunge 20pc in Tai Po, but homeowners in no rush to sell

    Posted Jun 17th 2014, 02:54pm by Sandy Li

    ... Yau Chuen-leung, senior sales manager at Centaline Property Agency's Tai Po branch. Since the government's curbs have eliminated speculators, Yau said, owners would be unlikely ... Sandy Li sandy.li@scmp.com Tai Po home sales fall by 20pc Sales in the secondary residential market in Tai Po plunged 20 per cent last week after Sino Land announced lower-than-expected ...

  6. Firm keeps old values but moves with times

    Posted May 19th 2007, 12:00am by Caitlin Wong

    ... HRTrends Many long-established Hong Kong brands which have prospered over the years share the business wisdom of moving with the times, and Chow Tai Fook Jewellery is no exception. ... average of more than 20 per cent. 'Chow Tai Fook has always been a pioneer in the industry. We keep our industry lead by always innovating to excel in service and quality,' said Mr ...

  7. Business - Companies - RETAILING

    Move to cheaper jewellery by mainland Chinese hits stores

    Posted Jul 10th 2013, 12:00am by RACHEL BUTTS

    ... sales. Chow Tai Fook saw 63 per cent year-on-year revenue growth for the three months ending June 30 as consumers snapped up gold bangles, coins and bars. However, customers are opting ... for 78 per cent of Chow Tai Fook's total sales, with most of their purchases being mass luxury products that cost less than HK$100,000. In Hong Kong and Macau, same-store sales rose by 68 ...

  8. Business - Commodities - METALS

    Gold sales plummet in Hong Kong as mainland demand slumps

    Posted May 16th 2014, 01:05am by BLOOM

    ... they walk into a jewellery shop, they spend about HK$10,000 and now it's about HK$5,000 to HK$6,000," Cheung said, citing estimates by the society's members, which include Chow Tai Fook Jewellery Group. "Also, travel is so common now that people don't have to wait for the golden week." The metal tumbled 28 per cent in 2013 to end a 12-year rally, with last ...

  9. Bling it on

    Posted Sep 06th 2011, 12:00am

    ... tastes vary widely- are not big foreign purveyors such as Tiffany and Cartier, but homegrown Hong Kong companies including Luk Fook and Chow Tai Fook. Both have hundreds of outlets across ... who operates four Luk Fook shops and seven Chow Tai Fook outlets in the northern cities of Shenyang and Dalian- is shopping for merchandise. Perusing the showcase, she spies a swirl-shaped ...

  10. News - Hong Kong - ELECTRICITY

    Overhead power cable blamed for power outage that hit thousands in East Kowloon

    Posted Jul 09th 2014, 04:12am by Ernest Kao

    ... officer Chow Tang-fai said. At least 20 apartment blocks in Wong Tai Sin, Kwun Tong, Kowloon Bay, Ngau Tau Kok, Yau Tong and Tseung Kwan O lost power after 10pm, some for as long as an hour. The 10-year-old cable, near an electricity pylon at Kowloon Peak, was last inspected in 2013. Chow said investigators had found there had been a splitsecond voltage dip in the 132-kilovolt overhead line. ...




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