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Chow Tai Fook (1929): During the period from April 1 to May 31, 2026, the Group's overall retail sales value recorded a substantial year-on-year (YoY) growth of 14.7%, demonstrating a very strong recovery momentum. Among them, retail sales value in Mainland China increased by 10.3%, accounting for 83.8% of the total and continuing to serve as the core foundation of the business. Meanwhile, the performance in Hong Kong, Macau, and other markets was even more remarkable, with retail sales value registering a massive surge of 44.1%, accounting for 16.2% of the total and significantly driving the overall growth performance.
US PPI rose 6.5% year-on-year in May
US PPI rose 6.5% year-on-year in May, the largest increase in over three years, while core PPI unexpectedly slowed to 4.9%. The energy price shock triggered by the Iran war continued to transmit downstream, with the US PPI rising 6.5% year-on-year in May, the largest increase since November 2022, and a month-on-month increase of 1.1%, far exceeding expectations. Energy prices surged 10.7% year-on-year, coupled with rising transportation and storage costs, jointly pushing up the PPI. Core PPI rose 4.9% year-on-year, lower than expected, but the widening gap between CPI and PPI put pressure on corporate profit margins.
Hong Kong Stock Connect saw a net outflow of HK$2.754 billion on Thursday. Among them, Kingboard Holdings (00148) saw the largest inflow at HK$1.061 billion, followed by Kingboard Laminates (01888). Alibaba-W (09988) recorded the largest net outflow at HK$2.183 billion, followed by CNOOC (00883).
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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