Chow Tai Fook sees Q1 boom in Macau/HK sales

Gold and jewellery retail giant Chow Tai Fook saw a strong first quarter in the Mainland China, Hong Kong and Macau markets, bolstered by ‘buoyant consumer sentiment’.

Hong Kong and Macau’s same store sales (SSS) rose by 110 percent, compared to Mainland China’s 43 percent growth, despite major border crossings between Hong Kong and Mainland China remaining closed.

Chow Tai Fook’s subsidiaries have interests in casino developments including Queen’s Wharf, in Australia, and the Bahamas.

Company filing