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<Research>Citi: LAOPU GOLD's Fresh Round of 25% Avg. Product Price Hike Beats; GPM Stabilization Expected in 2H25
Recommend 2 Positive 8 Negative 3 |
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Citi's report covered LAOPU GOLD (06181.HK), which lifted product selling prices yesterday (26th). According to the broker's industry checks, the average price hike reached 25%, topping the broker's projection and surpassing the 20% rise in gold prices since the price hike on August 25. LAOPU GOLD sharply raised its prices before the peak sales season in November, reflecting that the company achieved promising sales, in Citi's view. It is also expected that the company's GPM will stabilize in 2H25 after the product price hike. Based on the current gold price, the GPM is forecast to recover in 2026. Based on the latest GPM forecasts and rising gold costs, the broker adjusted its earnings forecast for the company for 2026 and 2027, with a range of 0.5%. The broker rated LAOPU GOLD at Buy with a target price of HKD1,119. AASTOCKS Financial News Website: www.aastocks.com |
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