Movement Alert|LAOPU GOLD Falls 3.62% in Regular Trading, Profit-Taking Emerges Ahead of Interim Results Review After 30% Rally

Market Focus08-25 10:08

On August 25, LAOPU GOLD fell 3.62% in regular trading, trading at 382.8 HKD/share, with turnover of 176 million HKD.

On the news front, the company's board convened today to review and approve unaudited interim results for the six months ended June 30 and to consider declaring an interim dividend. Market views on the results remain divided. Bank of America Securities had previously cut its target price from 774 HKD to 350 HKD while maintaining a neutral rating. Morgan Stanley also lowered its target to 505 HKD, citing weaker-than-expected Q2 performance under a lower gold price environment, estimating Q2 revenue declined over 30% year-over-year.

Notably, LAOPU GOLD had rebounded over 30% since late July, driven by surging gold prices and strong festive retail demand. With results now officially due, profit-taking pressure has become apparent as investors lock in gains ahead of the announcement.

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