Golden Ten Data on April 25, Citi issued a research report pointing out that Chow Tai Fook's retail sales value (RSV) in the mainland decreased by 10% year-on-year in the last fiscal quarter, and the performance was weak, although it was in line with expectations, but the data lagged behind its peers. The Group's same-store sales decline in Mainland China narrowed, and the pace of net store closures continued to accelerate and was higher than expected. The bank said it expected demand for both weight-based and fixed-price gold products to be weighed down in April due to the sharp rise in the gold price in April and the increase in the price of fixed-price gold products in early April. The bank has a target price of HK$9.9 and a "buy" rating.