Macquarie raised the target price for Chow Tai Fook (01929) to HKD19.8 from HKD18.7 and maintained the "outperform" rating.
The research house said it raises FY26E/FY27E/FY28E net income 3.6%/6%/4.5% due to favourable product mix, a gold price rally, and operating leverage.
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