Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Daiwa Raises Yr-end Gold Price Forecast to RMB1,290/ Gram, Reaffirms Buy Rating on LAOPU GOLD (06181.HK)
Recommend 13 Positive 18 Negative 19 |
||||
|
||||
|
Driven by tensions in the Middle East and the recent market expectations for higher gold prices, Daiwa issued a research report raising its year-end gold price forecast from RMB1,200 per gram to RMB1,290 per gram. The broker reaffirmed rating at Buy on LAOPU GOLD (06181.HK), and noted that the Company implemented a long-anticipated price adjustment over the past weekend, with an average product price hike of about 29%, in line with expectations. Currently, it is estimated that the Company's average product gross profit margin will reach 39.4% for 2026. LAOPU GOLD's recent product price increase ranges from 20-30%, marking the Company's largest single price adjustment up to now. The uplift for pure gold products was higher than that for diamond-inlaid products. Daiwa believed that the Company is directly passing on cost pressures to its core gold products. Since LAOPU GOLD's price correction last October, gold prices have risen by approx. 26%. During the recent Chinese New Year, LAOPU GOLD's stores remained to report long queues. Daiwa maintained its positive outlook and earnings forecast unchanged, and reiterated its target price at $880. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
