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2026-09-28 10:58:08 Haitong International issued a research report stating that LAOPU GOLD (06181.HK) delivered strong sales performance in 1Q26, while end-market demand has slowed since 2Q. The broker expected the company's YoY growth in 4Q26 may face phased pressure amid a high comparison base. The company recorded revenue of RMB19.808 billion and net profit attributable to shareholders of RMB4.267 billion in 1H26, representing YoY growth of 60.3% and 88.2%, respectively. The broker forecast the company's revenue for 2026 to 2028 to reach RMB32.255 billion, RMB30.263 billion and RMB32.896 billion, representing YoY changes of 18.1%, a decline of 6.2% and an increase of 8.7%, respectively. Adjusted net profit was forecast at RMB6.823 billion, RMB6.443 billion and RMB7.127 billion, representing YoY growth of 34.1%, a decline of 5.6% and an increase of 10.6%, respectively. Considering the uncertainties in operations brought by the high comparison base, weak consumer environment and gold price volatility, the broker assigned a 2026 price-to-earnings ratio of 10x, down from the previous 14x, and cut the TP by 21% to HKD435 while maintaining the "Outperform" rating.(ha/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |