[ET Net News Agency, 19 February 2024] Morgan Stanley gives a target price of HKD13.50
and an "equal-weight" rating to Chow Tai Fook (01929).
Chinese visitor arrivals to HK during CNY is similar to the 2018 level. Such recovery
rate jumped visibly from 73% in Jan-24 and 57% in 4Q23, which is positive to HK's
jewellery retail sales, according to the research house. (RC)