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<Research>Citi Sets LAOPU GOLD (06181.HK) TP at $1,162 as Top Pick in CN Jewelry Sector
Recommend 3 Positive 10 Negative 2 |
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LAOPU GOLD (06181.HK) issued a strong 2025 results as announced in its earlier profit alert, Citi Research issued a research report saying. Its latest 1Q26 results guidance far exceeded expectations, with both revenue/ profit margin beating the estimations of the broker/ market. In 1Q26, revenue reached RMB16.5-17.5 billion, growing over 1x YoY, accounting for 41-44%/ 45-47% of the full-year revenue forecasts of the broker/ market for 2026, respectively. Citi Research believed that investors are focusing on future sales momentum following gold price fluctuations, and are noting discussions about financing likelihood, which have pressured recent share price. The broker's scenario analysis supports its above-market consensus earnings forecasts and sufficient inventories for short-term sales. LAOPU GOLD is Citi Research's top pick in China's jewelry sector. Therefore, Citi Research kept rating at Buy on LAOPU GOLD, with a target price of $1,162, corresponding to a projected 24x PE ratio for 2026. AASTOCKS Financial News Website: www.aastocks.com |
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