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<Research>Citi Initiates 30-Day Positive Catalyst Watch on LAOPU GOLD w/ Rating Buy, TP HKD1,119
Recommend 3 Positive 14 Negative 3 |
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Citi has issued a report initiating a 30-day positive catalyst watch on LAOPU GOLD (06181.HK). The company's rating remains Buy, along with a target price of HKD1,119. The broker is more confident in LAOPU GOLD's outlook this year, as it observed a recovery in both demand and gross margins during the New Year holiday. It also expects consumers to have absorbed the product price increases, supported by industry-wide price adjustments and a rebound in gold prices since December last year. AAStocks Financial News |
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