[ET Net News Agency, 30 November 2023] Citi raised its target price for Luk Fook Hold
(00590) to HKD27.4 from HKD26.5 and maintained its "buy" rating.
The research house said the company's sequentially improving gem-set SSSG, together with
a recovery in sentiment in HK retail, results in a better sales and earnings outlook. The
recovery pace of tourist consumption after China opened its borders bodes well for the
stock. (RC)