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Investors Shouldn't Be Too Comfortable With Laopu Gold's (HKG:6181) Earnings
In focus of brokerage, caitong first initiated an "shareholding" rating for the veteran gold (06181) with a focus on channeling products to build brand momentum.
Jingu Wealth News | Caitong Securities' research report pointed out that Lao Pu Gold (06181) has three driving forces for growth, including boosting brand momentum by breaking through user circles, high growth in single store efficiency, and expanding stores. 1) The company's product and brand momentum continues to rise, targeting the demand of high net worth individuals, with the penetration rate expected to continue to increase. At the same time, high-income young users are breaking through circles, diversifying the user population; 2) With the diversity of products in single stores, optimization of channel business conditions, and price increases, store efficiency is expected to continue to exceed expectations and capture traditional jewelry and luxury goods brand users. 3) Expansion of stores is of high standards and restraint, planning to open 13 stores in the next 2 years. The bank stated that the following three factors together
Are Robust Financials Driving The Recent Rally In Laopu Gold Co., Ltd.'s (HKG:6181) Stock?
[Hong Kong Stock Connect] Lao Pu Gold (06181) rose by 8.65%, institutions indicate that confidence of dealers during Golden Week may be restored to a certain extent.
Kingwu Financial News | Old Shop gold (06181) stock price is strong, as of the time of publication, it is reported at 140.7 Hong Kong dollars, up 8.65%, with a turnover of 68.7932 million Hong Kong dollars. On the news front, Founder Securities stated that after March and April 2024, due to expectations of interest rate cuts, inflation, geopolitical risks, and other factors, the price of gold has started a rapid upward trend, and then maintained at a high level of consolidation. Investment gold and trinket demand have shown significant differentiation, while gold jewelry terminal performance is weak. After the interest rate cut this time, the initial realization of the interest rate cut expectations is expected to narrow the impact of gold jewelry terminal sales on gold price expectations, coinciding with the September ordering conference and subsequent ten
LAOPU GOLD: 2024 Interim Report
Is the old store gold (06181) showing its 'harvesting fangs' due to serious valuation bubble and high-level selling?
With the recent official implementation of the adjustment of the Hong Kong Stock Connect symbol list, Lao Pu gold has also been included in the Hong Kong Stock Connect.
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