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UBS: LAOPU GOLD 1Q26 Guidance Beats; Rating Buy
2026-03-24 11:14:05
LAOPU GOLD (06181.HK) provided guidance for 1Q26, with estimated revenue reaching RMB16.5-17.5 billion and net profit reaching RMB3.6-3.8 billion, topping expectations, UBS said in a research report.

Despite a high base and a NPM of 21.8%, the 1Q26 guidance implies a YoY growth in revenue and net profit of approximately 150% and over 150%, respectively.

Given the strong results in 1Q26, UBS believed there is upside risk to the full-year earnings forecast. The broker maintained its target price at HKD890 and rated it as Buy.
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