Movement Alert｜LAOPU GOLD Falls 3.61% in Regular Trading, Citi Cuts Target Price to HK$400 on Weak Q3 Sales Recovery

Market Focus10-13

On October 13, LAOPU GOLD fell 3.61% in regular trading, trading at HK$301.0 with turnover of HK$46.98 million.

The stock came under renewed selling pressure after Citi lowered its target price from HK$507 to HK$400 and trimmed earnings forecasts, citing weaker-than-expected third-quarter sales recovery. Persistent gold-price volatility has weighed on consumer sentiment and lengthened the earnings recovery cycle. Citi noted that while near-term performance may fluctuate, recent customer surveys show consumer behavior has not shifted dramatically, and the current valuation remains attractive.

The company specializes in ancient-Chinese-style handcrafted gold jewelry and operates primarily in the China market, with full-channel retail across physical stores and online platforms.

(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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