On September 18, LAOPU GOLD rose 3.2% in regular trading, trading at HK$374.6/share with turnover of HK$206 million, rebounding after consecutive sessions of decline.
On the news front, multiple brokerages recently issued research reports maintaining positive ratings on the company. JPMorgan maintained its \"Overweight\" rating with a target price of HK$891, while Huayuan Securities maintained a \"Buy\" rating, projecting full-year net profit of approximately RMB 6.72 billion with current valuation corresponding to only 8x PE. JPMorgan noted that the company's Q2 sales slowdown was more cyclical than structural, estimating Q3 and Q4 earnings to recover to approximately RMB 800 million and RMB 1.2 billion respectively. The upcoming Mid-Autumn Festival and National Day holiday period is viewed as a critical catalyst, with multiple cities issuing consumer vouchers covering these peak gold consumption periods, expected to boost retail sentiment. Despite Morgan Stanley forecasting an 11% year-over-year revenue decline in H2 and ongoing debate over second-hand resale discounts of nearly 50%, JPMorgan expressed confidence in the company's brand competitiveness and medium-to-long-term profitability.
(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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