Chow Tai Fook May Post Second Straight Profit Decline: Chartby
Chow Tai Fook Jewellery Group rode Hong Kong’s luxury boom on the way up, earning the equivalent of nearly $1 billion in its best business year. The slump that followed has taken a toll. Chow Tai Fook reports results Tuesday, and analysts expect the smallest profit in six years. Fewer mainland tourists are visiting Hong Kong, spending less on luxury while there.