CITIC Securities: the gold jewelry sector is at a low valuation level
CITIC Securities believes that China is the world's largest jewelry consumer market. The demand for jewelry rebounded sharply in 2021. The industry showed strong anti risk ability under the epidemic, and the overall price trend is upward. The demand growth is driven by technology evolution, intergenerational population, channel change and fashion trend. The industry entry barrier is extremely high, and the concentration has an obvious trend of improvement. Due to its characteristics of high customer order and low frequency, it shows strong offline stickiness, and the business model shows strong stability. From the perspective of historical valuation, the gold and jewelry sector is at a low valuation level. Highlight Chow Tai Fook, Chow Tai Sheng, DEA shares and Lao Fengxiang.
This text is a result of machine translation.
Related companies：
In-depth
Communication, Financials
Chinese Education Goes Global: Capturing a Trillion-Dollar Market
A TikTok filter challenge called "Mandarin Fruit Voices" has gone viral. Essentially a straightforward Mandarin learning game with crude animations, minimalist gameplay, and fruit-based pronunciation exercises drawn from early childhood education materials, it has nonetheless captivated international users. For those who once struggled with English, the long-held dream of a world united by Chinese now appears increasingly within reach.
Mar 27, 2025 06:55 PM
Briefing Sep 18, 2023 07:38 PM
· Automotive
Electric Vehicles to Account for Two-thirds of Global Vehicle Sales by 2030
Dec 11, 2023 08:49 PM
Jan 06, 2023 08:30 AM
Nov 08, 2022 08:32 AM
Research
AutomotiveFinancing and Investment Activities in China's Mobility Industry From 2012 to 2022
Oct 07, 2022 09:33 AM
Briefing Jan 13, 2023 11:16 AM
· Consumer Staples
CHINA RES BEER Became the Largest Shareholder of Jinshajiuye with 55.19% of Stake
Briefing Jan 13, 2023 10:58 AM
· Consumer Staples
Chinese Dessert Brand Hutouju Raises Tens of Mins of CNY in a New Round of Funding
Briefing Mar 09, 2022 07:28 AM
· Financials
Global market turmoil, a shares showed five positive signals
See more
Read next
Insight
In-depth
Insight
In-depth
Automotive · Analysis
$30 Million Lost Annually in the West, Yet Chinese Enterprises Pay No Attention
Apr 30, 2025 11:14 AM
Insight
In-depth
Technology · Analysis
Auto Shanghai 2025 - Nullmax Showcases Full-Stack Automated Driving Solutions
Apr 25, 2025 11:24 PM
Insight
In-depth
Technology · Analysis
SAIC MAXUS Partners with Huawei Qiankun, Multiple Models to be Launched
Apr 25, 2025 08:41 PM