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| HSI1 | 24,718.10 | +468.81 | 316.44B |
| HSCEI1 | 8,374.43 | +157.35 | 90.88B |
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2026-06-11 12:03:56 LUK FOOK HOLD (00590.HK) opened 4.1% higher today (11th) and once peaked at HKD22.44. It closed at HKD21.44 at midday, up 4.59%, with 1.995 million shares traded, involving HKD43.6434 million. Goldman Sachs believed the FY2026 earnings beat was primarily margin-driven, supported by both structural and one-off factors. On one hand, an increased mix of fixed-price products and SSSG-driven operating leverage provided support. On the other hand, other margin drivers included the adoption of the FIFO inventory accounting method, which benefited GPM amid sharply rising gold prices in FY2026; following the implementation of the new VAT policy in November 2025, the company passed the VAT impact on to customers while still enjoying inventory not affected by VAT on the cost side, translating to MSD%-HSD% benefit in GPM. The broker reiterated its Neutral rating on LUK FOOK HOLD. Looking ahead, it noted that although lower-cost inventory is expected to continue delivering margin benefits in 1H27, gold price trends will remain a key source of margin volatility. ~ AASTOCKS Financial News Website: www.aastocks.com | |