Citi Puts Laopu Gold on Positive Catalyst Watch -- Market Talk

Dow Jones05-15 10:44

0244 GMT - Laopu Gold's upcoming 618 online promotion from May 15-20 is likely to be a catalyst for stock gains, Citi analyst Tiffany Feng says in a note. The bank has opened a 30-day positive catalyst watch on the stock. Risks to earnings now look limited, as investors appear to have digested concerns over muted same-store sales growth, the analyst says. Citi says investors are encouraged by new growth drivers including its e-commerce expansion into lower-tier Chinese cities. The bank keeps its buy rating on the stock with a HK$1,162 target price. Shares are down 2.4% at HK$569.00.(venkat.pr@wsj.com)

(END) Dow Jones Newswires

May 14, 2026 22:44 ET (02:44 GMT)

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Citi says investors are encouraged by new growth drivers including its e-commerce expansion into lower-tier Chinese cities. The bank keeps its buy rating on the stock with a HK$1,162 target price. 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The bank has opened a 30-day positive catalyst watch on the stock. Risks to earnings now look limited, as investors appear to have digested concerns over muted same-store sales growth, the analyst says. Citi says investors are encouraged by new growth drivers including its e-commerce expansion into lower-tier Chinese cities. The bank keeps its buy rating on the stock with a HK$1,162 target price. Shares are down 2.4% at HK$569.00.(venkat.pr@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2026 22:44 ET (02:44 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001051.SGD","symbol_name":"United Asia Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2635776583","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635776583","pubTimestamp":1778813040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0244 GMT - Laopu Gold's upcoming 618 online promotion from May 15-20 is likely to be a catalyst for stock gains, Citi analyst Tiffany Feng says in a note. 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