Chow Tai Fook Hits Record Low After Warning Profit to PlungeBy
Jeweler says six months to Sept net profit may drop 40% to 50%
Profit slump due to weak sentiments in Hong Kong, Macau
Chow Tai Fook Jewellery Group Ltd. shares fell to a record low in Hong Kong after it warned that first-half profit will plunge by as much as 50 percent due to weak consumer sentiment in Hong Kong and Macau amid a slowdown in China’s economy.
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