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Daiwa Raises TP of LAOPU GOLD (06181.HK) to HKD880, Maintains Buy Rating
2026-01-22 11:01:02
Since its industry outlook report was released on December 19, 2025, the stock price of LAOPU GOLD (06181.HK) has merely hiked 8%, lagging behind the 12% spike in gold prices, Daiwa noted in its research report.

Based on a recent conference call with management, they reiterated their target of achieving a 40% gross margin this year, although Daiwa expected the gross margin to decline HoH in 2H25.

Daiwa lowered the 2025 forecasted EPS on the company by 5% due to a lower gross margin assumption, but raised the 2026 forecasted EPS by 2% due to higher sales.

The target price was raised from HKD860 to HKD880. The Buy rating was maintained.
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