On October 21, LAOPU GOLD fell 3.69% in Regular Trading, trading at HK$297.4, with turnover of HK$97.61 million.
The latest publicly available catalyst points to continued pressure after the company launched its first-ever iterative price cuts during the National Day holiday, while multiple brokers lowered target prices and earnings forecasts as gold-price volatility weakened demand and delayed profit recovery.
Recent reports said the discounting move was viewed as a tactical step to stabilize store sell-through and cash flow during a downturn in gold prices. Broker updates subsequently turned more cautious: one cut its target price to HK$400 from HK$507, citing weaker-than-expected third-quarter sales recovery and softer profit trends, while another reduced its target to HK$560 and lowered profit forecasts for the next three years by 14% to 15%, noting the company’s Tmall flagship store sales fell 63% year over year in the second quarter after 155% growth in the first quarter.
(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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