BUZZ-Laopu Gold climbs on robust earnings forecast
Reuters03-11
BUZZ-<a href="https://laohu8.com/S/06181">Laopu Gold</a> climbs on robust earnings forecast
** Shares of Laopu Gold 6181.HK climb 4.8% to HK$669.5, on course for the biggest one-day pct gain since February 16
** Stock touches the highest point since March 5, rising for the second session
** China-based gold jewellery maker and distributor expects 2025 net profit to jump 226%-233% y/y to 4.8-4.9 bln yuan ($699.30-$713.87 mln) with sales up 216%-227% y/y due to expansion of brand influence and product optimization
** YTD, stock up 4.1%, benchmark Hang Seng Index .HSI up 1%
($1 = 6.8640 Chinese yuan renminbi)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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