On June 1, Lao Pu Gold rose 3.27% in regular trading, trading at HK$522.5 per share, with trading volume of HK$190 million. The rebound follows recent broker endorsements and controlling shareholder support after the stock had declined in the prior week.
On the news front, Pacific Securities maintained its Buy rating on the company, projecting revenue of RMB 414.4/523.0/632.8 billion for the next three fiscal years, representing year-over-year growth of 52%/26%/21%, with corresponding net profit of RMB 80.4/103.0/126.3 billion. The broker highlighted scale effects as a key driver, noting the company operates 45 self-run stores across 34 premium commercial centers in 16 cities, with loyalty members reaching approximately 610,000, up 74.3% year-over-year. Additionally, controlling shareholder Xu Dongbo purchased approximately 335,700 H shares on the open market on May 20 at HK$499.51 per share, totaling roughly HK$168 million, signaling confidence after the stock had corrected over 35% from its January high.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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