Added to YB: 2024-07-02
Pitch date: 2024-06-30
0590.HK [neutral]
Luk Fook Holdings (International) Limited
+74.48%
current return
Author Info
Momentum Financial researches stocks from around the world to invest in for the long-term. Sign up for the newsletter.
Company Info
Luk Fook Holdings (International) Limited, an investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products.
Market Cap
HKD 8.3B
Pitch Price
HKD 14.68
Price Target
N/A
Dividend
9.66%
EV/EBITDA
4.69
P/E
6.57
EV/Sales
0.63
Sector
Specialty Retail
Category
dividend
Luk Fook (590.HK): FY 2024 Earnings and Conference Call and FY 2025 Outlook.
LUK FOOK (0590.HK): FY24 rev +28% to HK$15.3B, profit +37.6% to HK$1.77B. 8.1% div yield. Q4 SSS -5%, Apr-Jun -35% HK/Macau, -20% mainland. CFO aims for FY25 rev stability, double-digit growth. Expanding licensed stores (3,249), VIP program +36% to 7M members. Healthy balance, no corporate debt. Long-term growth potential despite short-term headwinds from gold prices & consumption.
Read full article (8 min)