Laopu Gold Seen to Benefit From Strong Lunar New Year Demand
Dow Jones01-09
Laopu Gold's outlook this year appears bright, prompting Citi analysts to place the stock on a 30-day positive catalyst watch ahead of what they expect to be strong Lunar New Year sales.
Customers appear to have absorbed Laopu's product price increases, helped by industrywide adjustments and gold's rebound since December, the analysts say in a note.
They expect the Chinese jewelry company's elevated profitability to persist through 2026, citing a recovery in gross margin to above 40% since November and the potential for further price adjustments after the Lunar New Year.
Citi projects revenue and net profit rose 224% in 2025 and reiterates its buy rating and HK$1,119.00 target price.
Shares rise 7.2% to HK$669.50.
At the request of the copyright holder, you need to log in to view this content
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