Chow Tai Fook (1929 HK) Q4 retail sales -1.5% Y/Y, SSS in mainland China +0.2% Y/Y
Chow Tai Fook's Q4 retail sales declining by 1.5% year-over-year indicates a challenging environment for their core markets, potentially reflecting broader consumer spending trends.
Japan has reportedly agreed to import 1mln bbls of crude oil from Mexico, due to arrive in July, Nikkei reports
[MARKET ANALYSIS] Crude ticks higher amid UKMTO reports of attacks in Hormuz; softer USD lends underpins metals
Chow Tai Fook (1929 HK) Q4 retail sales -1.5% Y/Y, SSS in mainland China +0.2% Y/Y
K+S (SDF GY) (EUR): Guides Q1 EBITDA 280mln (exp. 221mln); raises FY26 EBITDA 630-730mln (prev. guided 600-700mln)
Fire reported at an oil refinery in Erbil, Iraq, Al Hadath reports
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The marginal growth in same-store sales in mainland China at 0.2% suggests some stability, but does not signal a robust recovery. This could impact sentiment toward the consumer discretionary sector in Hong Kong and broader Asian equities as investors assess the implications for future growth prospects.
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