Daiwa Raises Year-End Gold Price Forecast to 1,290 Yuan per Gram, Reiterates "Buy" Rating on LAOPU GOLD

Stock News03-04

Daiwa has released a research report indicating that due to tensions in the Middle East and rising market expectations for gold prices, it has raised its year-end gold price forecast from 1,200 yuan per gram to 1,290 yuan per gram. The firm reiterated its "Buy" rating on LAOPU GOLD (06181) with a target price of HK$880. The report noted that the company implemented a long-anticipated price adjustment over the past weekend, with an average product price increase of about 29%, which met expectations. Current estimates suggest the company's average product gross profit margin will reach 39.4% by 2026. The price hike for LAOPU GOLD's products ranges from 20% to 30%, representing the company's largest single price adjustment to date. The increase for pure gold products was higher than that for diamond-inlaid products. Daiwa believes the company has directly passed on cost pressures to its core gold products. In fact, since LAOPU GOLD's last price adjustment in October of last year, gold prices have risen by approximately 26%. Furthermore, during the Lunar New Year period, LAOPU GOLD stores still experienced long queues. The bank maintains its positive outlook and unchanged profit forecasts for the company.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1173010526?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-04 10:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1173010526","market":"other","top_or_hot":-1,"title":"Daiwa Raises Year-End Gold Price Forecast to 1,290 Yuan per Gram, Reiterates \"Buy\" Rating on LAOPU GOLD","media":"Stock News","content":"<p>Daiwa has released a research report indicating that due to tensions in the Middle East and rising market expectations for gold prices, it has raised its year-end gold price forecast from 1,200 yuan per gram to 1,290 yuan per gram. The firm reiterated its \"Buy\" rating on LAOPU GOLD (06181) with a target price of HK$880. The report noted that the company implemented a long-anticipated price adjustment over the past weekend, with an average product price increase of about 29%, which met expectations. Current estimates suggest the company's average product gross profit margin will reach 39.4% by 2026. The price hike for LAOPU GOLD's products ranges from 20% to 30%, representing the company's largest single price adjustment to date. The increase for pure gold products was higher than that for diamond-inlaid products. Daiwa believes the company has directly passed on cost pressures to its core gold products. In fact, since LAOPU GOLD's last price adjustment in October of last year, gold prices have risen by approximately 26%. Furthermore, during the Lunar New Year period, LAOPU GOLD stores still experienced long queues. The bank maintains its positive outlook and unchanged profit forecasts for the company.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Daiwa Raises Year-End Gold Price Forecast to 1,290 Yuan per Gram, Reiterates \"Buy\" Rating on LAOPU GOLD</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDaiwa Raises Year-End Gold Price Forecast to 1,290 Yuan per Gram, Reiterates \"Buy\" Rating on LAOPU GOLD\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-03-04 10:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Daiwa has released a research report indicating that due to tensions in the Middle East and rising market expectations for gold prices, it has raised its year-end gold price forecast from 1,200 yuan per gram to 1,290 yuan per gram. The firm reiterated its \"Buy\" rating on LAOPU GOLD (06181) with a target price of HK$880. The report noted that the company implemented a long-anticipated price adjustment over the past weekend, with an average product price increase of about 29%, which met expectations. Current estimates suggest the company's average product gross profit margin will reach 39.4% by 2026. The price hike for LAOPU GOLD's products ranges from 20% to 30%, representing the company's largest single price adjustment to date. The increase for pure gold products was higher than that for diamond-inlaid products. Daiwa believes the company has directly passed on cost pressures to its core gold products. In fact, since LAOPU GOLD's last price adjustment in October of last year, gold prices have risen by approximately 26%. Furthermore, during the Lunar New Year period, LAOPU GOLD stores still experienced long queues. The bank maintains its positive outlook and unchanged profit forecasts for the company.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GDX","symbol_name":"黄金矿业ETF-VanEck","start_time":0,"source_url":"","article_id":"1173010526","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173010526","pubTimestamp":1772591663,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Daiwa has released a research report indicating that due to tensions in the Middle East and rising market expectations for gold prices, it has raised its year-end gold price forecast from 1,200 yuan...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GDX":"黄金矿业ETF-VanEck","06181":"老铺黄金","DGP":"二倍做多黄金ETN(PowerShares)","GDXJ":"小型黄金矿业ETF(Market Vectors)","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","BK4585":"ETF&股票定投概念","BK1544":"黄金股","UGL":"2倍做多黄金ETF-ProShares","SG9999001051.SGD":"United Asia Fund SGD","BK4535":"淡马锡持仓","SGOL":"Abrdn Gold ETF Trust","GLL":"2倍做空黄金ETF-ProShares","BK4504":"桥水持仓","CYB":"人民币ETF-WisdomTree Dreyfus","BK1227":"服装、服饰与奢侈品","SGXZ90724238.SGD":"UNITED ASIA \"A\" (SGD) INC","BK4588":"碎股","PALL":"abrdn Physical Palladium Shares ETF","GLDM":"SPDR Gold MiniShares Trust","IAU":"黄金信托ETF-iShares"},"translate_title":"大和上调年终金价预测至每克1290元重申老铺黄金“买入”评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GDXJ":1,"GLL":1,"PALL":1,"MGCmain":1,"UGL":1,"GDXU":1,"DGP":1,"CYB":1,"GDX":1,"GLDM":1,"MUCmain":1,"IAU":1,"CNHmain":1,"MCNHmain":1,"UCmain":1,"06181":1,"SGOL":1},"content_text":"Daiwa has released a research report indicating that due to tensions in the Middle East and rising market expectations for gold prices, it has raised its year-end gold price forecast from 1,200 yuan per gram to 1,290 yuan per gram. The firm reiterated its \"Buy\" rating on LAOPU GOLD (06181) with a target price of HK$880. The report noted that the company implemented a long-anticipated price adjustment over the past weekend, with an average product price increase of about 29%, which met expectations. Current estimates suggest the company's average product gross profit margin will reach 39.4% by 2026. The price hike for LAOPU GOLD's products ranges from 20% to 30%, representing the company's largest single price adjustment to date. The increase for pure gold products was higher than that for diamond-inlaid products. Daiwa believes the company has directly passed on cost pressures to its core gold products. In fact, since LAOPU GOLD's last price adjustment in October of last year, gold prices have risen by approximately 26%. Furthermore, during the Lunar New Year period, LAOPU GOLD stores still experienced long queues. The bank maintains its positive outlook and unchanged profit forecasts for the company.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1173010526","isCrawlerRequest":true}