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<Research>G Sachs: LAOPU GOLD Mgmt Sees Sales Momentum Still Robust Despite Price Hike Last Oct, Expects Better GPM in 2026
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According to a Goldman Sachs research report, the broker invited LAOPU GOLD (06181.HK) to participate in its Asia-Pacific consumer and leisure day yesterday (8th). The management highlighted several key points, including that the group hadn't observed sales pressure following the price hike of gold products last October. Instead, it was aware that long queues occurred at its stores across multiple cities during the festive period. Looking ahead to 2026, the management preliminarily expects to see several profit drivers, including gross margin improvement, which could reach 40% even considering VATs, promotional factors, and the price hike last October, channel expansion, and a continuously expanding customer base. Goldman Sachs has set its 12-month target price for LAOPU GOLD at HKD1,088, along with a Buy rating. AAStocks Financial News |
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