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GF Securities Initiates Coverage on LAOPU GOLD (06181.HK) w/ Rating Buy, Fair Value of $775.64 per Shr
2025-12-29 11:15:40
The gold jewelry industry is undergoing an industrial transformation, with antiquity gold becoming a key carrier for premiumization, according to GF Securities' research report.

Antiquity gold, with its complexity in craftsmanship and design expression, significantly surpasses traditional gold, driving gold jewelry consumption towards high pricing expansion. LAOPU GOLD (06181.HK), as a leading brand in traditional handcrafted gold products, is expected to continue benefiting from this trend.

Considering the Company's differentiated approach in the high-end gold segment and the potential for store expansion and channel optimization both domestically and internationally, and referencing comparable companies, the broker assigned an 18x PE ratio for 2026, corresponding to a fair value of $775.64 per share, and initiated coverage on LAOPU GOLD, with rating at Buy.
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