Chow Tai Fook Enterprises

Injuries no barrier to star bringing her own sparkle to very special gem show

Cheng Yu-tung and Karen Mok Man-wai with a rare diamond

Karen Mok Man-wai's workaholic tendencies have been causing her some problems.

Tuesday, 28 August, 2012, 3:59am

Sales decline hits jeweller's shares

Chow Tai Fook Jewellery, the world's largest listed jewellery retailer, slumped almost 9 per cent after reporting a decline in second-quarter same-store sales in Hong Kong and Macau.

The Hong Kong-based retailer closed 8.8 per cent lower at HK$9.45 yesterday as investors worried the economic slowdown might have a deeper than expected impact on high-end jewellery consumption.

13 Jul 2012 - 12:00am

Luk Fook profits up, slower growth ahead

Luk Fook Holdings (International) expects weaker demand for jewellery from mainland consumers this year after strong net profit growth of 54 per cent for the last fiscal year.

'I am not so optimistic about jewellery sales in Hong Kong this year, considering the impact of the European debt crisis and the slowing global economy,' Luk Fook chief executive Wong Wai-sheung said.

29 Jun 2012 - 12:00am

Net profit of Chow Tai Fook increases 79pc

Chow Tai Fook Jewellery, the largest jewellery retailer in Hong Kong and on the mainland, posted a 79 per cent jump in net profit for the last fiscal year and said it expected to double its revenue in three years.

Net profit rose to HK$6.34 billion for the year to March, in line with market expectations, while revenue grew 61 per cent to HK$56.6 billion.

27 Jun 2012 - 12:00am

Zen and the art of the shopping mall

It was 2002 and Adrian Cheng Chi-kong was in Kyoto studying Japanese art and culture as part of a Stanford University overseas studies programme.

4 Jun 2012 - 12:00am

End of the gold rush

Hong Kong's listed watch and jewellery retailers weathered a bad patch last week. Chow Tai Fook fell 9.6 per cent on Wednesday after Apple Daily reported it was cutting a guaranteed bonus for back-office staff that was supposed to be equal to three months' salary.

21 May 2012 - 12:00am

Chow Tai Fook shares fall amid investor fears

Shares of Chow Tai Fook Jewellery, the largest jewellery retailer in China, fell nearly 10 per cent yesterday as investors' worries about slower growth in the sector escalated.

The stock declined 9.6 per cent to close at HK$10.54, the lowest since its debut last December, after media reported the company had cancelled the bonus for back-office staff.

17 May 2012 - 12:00am

Mainland's richest see glitter that's not gold

Last week, 75 mainland couples and families were invited on a three-day, two-night, all-expenses-paid trip, touring on harbour cruises, visiting personal stylists and indulging in wine-tasting treatments, while staying at the Grand Hyatt in Hong Kong.

7 May 2012 - 12:00am

A tycoon's guide to avoiding family feuds

Property tycoon Cheng Yu-tung may not be Hong Kong's richest man, but unlike his wealthier friends he now has time to enjoy his money.

Last month Cheng, 86, said he would quit as chairman and executive director of New World Development, one of the city's leading property firms, which he founded in 1970.

12 Mar 2012 - 12:00am

New World banks on quality projects

New World Development is targeting annual double-digit turnover growth for the next five years as it improves the quality of its property projects.

Under its five-year plan, the company will complete projects with a total gross floor area of 6 million square feet over the period. The projects will be released on the market from this year.

1 Mar 2012 - 12:00am

Graff Diamonds: a look at the year's most buzz-worthy float

Graff Diamonds - which styles itself as maker and retailer of the 'most fabulous jewels in the world' - has just filed its application to be listed on the Hong Kong stock exchange.

This means that the offer process for its long-awaited IPO should start in about 10 to 12 weeks - putting it on track for a late spring/early summer listing.

27 Feb 2012 - 12:00am

Corrections & clarifications

An article on B1 on Saturday headlined 'New World's Cheng climbs Forbes rich list' incorrectly stated that Chow Tai Fook Jewellery was the largest Hong Kong initial public offering last year. The largest offering last year was for luxury fashion house Prada.

10 Jan 2012 - 12:00am

Sportswear firm defeats curse on first-day trading

The sport and underwear manufacturer Hosa International ended the curse on new listings by closing on par with its offer price on its trading debut yesterday.

17 Dec 2011 - 12:00am

Chow Tai Fook loses some lustre in HK listing

All that is gold does not necessarily glitter.

Chow Tai Fook Jewellery's mega initial public offering lost some of its shine among investors yesterday, with shares priced at HK$15 each, at the bottom of its price range, Reuters reported.

10 Dec 2011 - 12:00am

Chow Tai Fook primed for mainland gold rush

Chow Tai Fook Jewellery plans to raise up to HK$22.05 billion to support its aggressive expansion in what may be the largest initial public offering in Hong Kong this year.

The jeweller, which is controlled by property billionaire Cheng Yu-tung, has set a price range of HK$15 to HK$21 for the 1.05 billion new shares being offered.

6 Dec 2011 - 12:00am