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Chow Tai Seng Jewellery (002867 CH) 24H1淨開店124家維持積極態勢，處估值低位、關注Q3銷售改善可能 124 net stores added in 24H1; attractive valuation in view of potential uptrend; sales set to improve from Q3E BUY (maintain) 投資要點/Investment Thesis 投資要点/Investment Thesis 事件： 公司發佈公告，2024年上半年淨增門店數量124家（2023年上半年淨增門店數量119家）。截至2024年6月30日，公司門店總數爲5230家，其中自營店343家，加盟店4887家。 CTS net added 124 stores in H1; gold, silver and other jewelry set to grow in Q3E Store network: Chow Tai Seng (CTS) announced its physical market footprint expanded by a net increase of 124 stores in 24H1 (vs 119 in 23H1). It has a total network of 5,230 stores as of 30 June 2024, comprising 343 directly-operated and 4,887 franchised stores. 近況更新： 受前期金價急漲影響，周大生以金飾爲主，我們預計Q2業績承壓但6月較5月有好轉
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