摩根士丹利：珠宝首饰传统销售旺季来临 看好周大福

Group 1 - Morgan Stanley maintains a "Market Perform" rating for Chow Tai Fook, setting a target price of HKD 8.3 [1] - The research report indicates a 70% to 80% probability that Chow Tai Fook's stock will outperform the market in the next 30 days, driven by strong stimulus policy signals from the Central Political Bureau meeting, positively impacting gold and jewelry consumption [1] - The report highlights that December to February is the traditional peak sales season for jewelry, and Chow Tai Fook's stock has underperformed compared to the MSCI China Index and Hang Seng Index this year [1] Group 2 - Future valuation of Chow Tai Fook will be influenced by government stimulus measures, inflation, and the stability of gold prices [1]