消息方面，国际金价在2024年创下14年来最大的年度涨幅后，COMEX黄金在开年后持续上涨。截至今日发稿，涨0.40%，报2679.60美元。① What do institutions think about subsequent gold prices? ② Why does old gold continue to receive financial attention?
Financial Services Association, January 3 (Editor: Hu Jiarong) The recent continuous rise in international gold prices has further boosted the positive performance of the Hong Kong stock gold sector. As of press release, Lingbao Gold (03330.HK), Zijin Mining (02899.HK), and Zhaojin Mining (01818.HK) rose 6.99%, 2.40%, and 1.40%.
Note: Overall performance of gold stocks
In terms of news, after the international gold price recorded the biggest annual increase in 14 years in 2024, COMEX gold continued to rise since the beginning of the year. As of today's press release, it rose 0.40% to $2679.60.
Note: COMEX gold's performance
Wall Street's major financial institutions, including Goldman Sachs, Bank of America, and J.P. Morgan Chase, generally expect the strong upward trend in gold prices in 2024 to continue in 2025.
Old-fashioned gold once continued to hit a new high since listing
What is more noteworthy is that today's stock price of Laoshuang Gold once continued to reach a record high, and the company has increased nearly fivefold over the past 2024.
As of press release, Old Shop Gold rose 3.41% to close at HK$273.20.
Note: The performance of the old gold store since its listing
According to public information, Laoshu Gold was founded in 2009. It specializes in creative processing of gold, jewelry, etc., and most of the processing processes are handmade using ancient methods. The products include jewelry, daily-use gold, ornaments, etc. Brand revenue mainly comes from offline stores, most of which are located in first-tier and new-tier cities, focusing on luxury department store sales areas in core business districts.
China Securities International believes that old gold stores have the potential to be made into luxury goods. If it can be made into a luxury brand, then there is plenty of room for imagination whether in terms of market space or price increase space. Furthermore, the bank believes that the company's high-end positioning makes its performance less affected by short-term fluctuations in gold prices.
UBS said earlier that the sales momentum of the old gold store will continue to be strong in the second half of 2024, opening two new specialty stores and transforming the three branches by expanding the area.
They expect that gold catalysts from old stores may include a rebound in gold prices after short-term adjustments; strong sales momentum during the shopping festival at the end of the year; Singaporean stores that may open in early 2025; and positive operating cash flow may be achieved in 2025 as inventory turnover improves.
