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<Research>CICC Elevates LAOPU GOLD's TP by 22% to HKD1,079.06 w/ Higher Earnings Forecasts
Recommend 7 Positive 5 Negative 12 |
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According to a report from CICC, LAOPU GOLD (06181.HK) has launched new products that effectively blend traditional Chinese cultural elements with exquisite craftsmanship. Meanwhile, the company is actively opening new stores with larger spaces compared to traditional outlets in high-end commercial districts, which is expected to enhance the consumer shopping experience. Taking into account its benign sales performance and contributions from new stores, LAOPU GOLD lifted its 2025-26 net profit forecasts by 42%/ 48% to RMB4 billion/ RMB5.7 billion. The broker also raised its target price for the company by 22% to HKD1,079.06 as some positive factors have already been reflected in the share price. The Outperform rating was maintained unchanged. AAStocks Financial News |
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