Will Zhou Lefu succeed in his transition to the Hong Kong stock market with his old tricks?

The road to listing is still uncertain.

Gelonghui Finance01:32 ET

Hong Kong stocks unusual movement: Lao Pu Gold (06181) rose more than 4% against the market. Institutions said there is a large market space and the company's profitability remains high.

According to the Smart Finance and Economics app, Lao Pu gold (06181) rose more than 4% against the market, reaching a high of HKD 85.55, more than double the IPO price of HKD 40.5. As of the time of publication, it had risen 4.01% to HKD 85.55 with a turnover of HKD 28.6399 million. It is reported that Lao Pu gold is a brand that China Gold Association has certified as the first to promote the concept of "ancient gold" in China. According to information from Frost Sullivan, based on the 2023 revenue, the company's share in the Chinese ancient gold jewelry market and gold jewelry market is 2.0% and 0.6%, respectively. As of the last feasible date, the company is

Zhitong FinanceJul 8 03:50 ET

Hong Kong stocks are active | Lao Pu Gold (06181) rises by more than 7% again, doubling from the IPO price, and the company's profitability remains high.

Zhixin Finance learned from the app that Lao Pu Gold (06181) rose more than 7% in mid-trading session, reaching a high of HKD 89.5, a cumulative increase of 1.2 times compared with the issue price of HKD 40.5. As of the publication, it rose by 5.53%, at HKD 87.85, with a turnover of HKD 11.4086 million. In terms of news, China Merchants Securities pointed out that the company's performance grew rapidly last year, with revenue increasing by 146% and net income increasing by 340%. With the backdrop of ample space in the ancient gold market and high-end jewelry market, the company has growth opportunities. The bank pointed out that the company's current same-store sales growth is fast, with a large space for expansion in the medium and long term and a high-end positioning as well as being fully self-operated.

Zhitong FinanceJul 4 21:40 ET

Hong Kong stocks are on the move | Lao Pu Gold (06181) is up more than 5%. Institutions said that the company's same-store sales growth rate is fast, and there is great potential for expansion in the medium and long term.

Zhichao Finance APP learned that Laopu Gold (06181) is now up more than 5%, and as of press time, it has risen 5.26% to HK$79, with a turnover of HK$23.1584 million. It is reported that Laopu Gold is a brand that first promoted the concept of "ancient gold" in China certified by the China Gold Association. According to Forrester Sullivan's data, based on 2023 revenue, the company's share of the Chinese market for ancient gold jewelry and the gold jewelry market is 2.0% and 0.6%, respectively. As of the last feasible date, the company has opened 33 self-operated stores in well-known commercial centers in 14 cities in China. China Merchants Securities said.

Zhitong FinanceJul 3 22:20 ET

[IPO Monthly Report] The Hong Kong IPO market saw a surge in subscription popularity and a significant decrease in the rate of IPOs breaking below the issue price in June. The expectations of the "Big Four" were mixed with both sorrow and joy.

In the first half of 2024, Hong Kong's IPO market continued its recent sluggish trend due to external market factors, global economic uncertainty, and cautious investor sentiment. The "Big Four" lowered their forecast for Hong Kong's annual IPO fundraising at the beginning of the year, but PwC expects Hong Kong's new IPO fundraising to exceed HKD 100 billion this year. PwC stated that the reduction in bearish factors, high demand for funding for business development, and the end of the interest rate hike cycle will bring back funds from Europe, America, and the Middle East to Asia, which is beneficial for market liquidity and valuation improvement. After six months of market baptism, PwC finally gave in and lowered Hong Kong's...

金吾財訊Jul 3 05:07 ET

HK stocks surge | Lao Pu gold (06181) rose more than 8% on the second day of listing, up more than 90% compared to the offer price, and the total market value exceeded HKD 12 billion.

Zhixun Finance app learned that Lao Pu Gold (06181) was listed on June 28th, and rose more than 8% on the second day of listing, reaching a high of HKD 77.95, an increase of more than 90% from the listing price of HKD 40.5. As of press time, it rose 7% to HKD 74.9, with a turnover of HKD 91.9169 million and a total market value exceeding HKD 12 billion. Lao Pu Gold is a brand which promoted the concept of 'ancient gold' first certified by the China Gold Association. According to Frost Sullivan data, the company will hold a share of the 'ancient gold' and gold jewelry market in China in 2023 based on their revenue.

Zhitong FinanceJul 1 22:08 ET