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Citi Cuts LAOPU GOLD TP to HKD400, Expects Weaker 3Q Net Profit
2026-10-12 11:03:22
Citi forecast LAOPU GOLD (06181.HK)'s sales to improve QoQ in 3Q26, but net profit will likely be weaker. Gold price volatility continues to dampen consumer sentiment, further delaying the anticipated earnings recovery.

The broker believed investors have underestimated LAOPU GOLD's competitive advantages and are currently overly concerned about competition, while the current valuation appears attractive.

It maintained the Buy rating on LAOPU GOLD, but lowered its earnings forecasts and cut the TP from HKD507 to HKD400.
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AASTOCKS Financial News
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