In a report released on July 17, DBS also maintained a Buy rating on the stock with a HK$36.74 price target.

Based on Luk Fook Holdings (International)’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$10.36 billion and a net profit of HK$1.43 billion. In comparison, last year the company earned a revenue of HK$7.89 billion and had a net profit of HK$665.4 million