Laopu Gold's Strong Sales Should Extend Into 2H -- Market Talk

Dow Jones06-27

0518 GMT - Chinese jewelry brand Laopu Gold's sales momentum should continue into 2H, say Nomura analysts in a note. The group's stream of new products and stores are likely to support its booming business, which the analysts reflect in their higher FY 2025-2027 earnings forecast. They expect the group's shares to be volatile as some pre-IPO investors could take profit once they can sell their shares. Any major share price changes could be "good buying opportunities". Nomura maintains its buy rating and increases its target to HK$1,023 from HK$999. Shares were recently at HK$872. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

June 27, 2025 01:18 ET (05:18 GMT)

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