LAOPU GOLD Shares Surge Over 3% as New Store Growth May Offset Same-Store Sales Pressure, Potential Catalysts Identified

Stock News07-07

Shares of LAOPU GOLD (06181) have climbed more than 3%, rising 2.58% at the time of writing to HK$389.6, with a turnover of HK$340 million.

Market dynamics indicate that a significant correction in global gold prices occurred in the second quarter of 2026, with the international price retreating sharply from its historic peak at the start of the year. This decline was influenced by a reduction in safe-haven demand and heightened expectations for interest rate hikes by the U.S. Federal Reserve.

While a base-case scenario anticipates a recovery in gold prices in the latter half of the year, even under a scenario of continued gold price weakness, the pressure on same-store sales growth for LAOPU GOLD is expected to be offset by contributions from newly opened stores.

Analysis suggests the stock is currently oversold. Several potential catalysts have been identified, including financial results for the first half exceeding expectations, activities related to the Very Important Customer (VIC) segment, and the opening of overseas stores scheduled for the second half of the year.

Forecasts project that the company's revenue and net profit for the first half of this year will increase by 93% and 118% year-on-year, respectively.

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