06181 LAOPU GOLD
- 287.400
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LAOPU GOLD News
Guozheng International: Bullish on the long-term development potential of Laopu Gold (06181), currently a great opportunity for positioning.
According to Wind's consensus forecast, Lao Pu Gold's expected net income for 2024, 2025, and 2026 will reach 1.1/1.5/1.9 billion yuan.
Goldman Sachs: This year, the preference for domestic demand stocks includes ANTA, Midea, NONGFU SPRING, YUM CHINA, Master Kong, Mengniu, MINISO, Giant Biotech, and Laopu Gold, among others.
Goldman Sachs released a report indicating that this year, consumers are expected to remain rational in their spending, and the recovery of consumer confidence will depend on more sustained policy support, stability in the Real Estate market, improvements in the employment market, and the recovery of economic activity. The bank predicts that corporate sales and profits may have bottomed out in the third quarter of last year or in the second half of last year, but the range of policy implementation, reversal of deflationary trends, and risks from consolidation trends and merger opportunities will all impact the overall Consumer trends this year. The bank believes that companies or Industries with structural growth opportunities are better positioned to mitigate the effects of macro fluctuations. The bank is Bullish on the outlook in the next 3 to 6 months.
Hong Kong Stock Concept Tracking | Gold prices may still be in a bull market channel. The valuation of the Golden Industrial Concept Sector is set to recover (with related Concept stocks attached).
The Federal Reserve is still in a rate-cutting cycle, and gold prices are expected to maintain a strong trend.
Old Shop Gold (06181.HK): It is recommended to adopt the restricted share unit plan.
On January 16, Gelonghui reported that Laopu Gold (06181.HK) announced that to reward qualified participants for their past contributions and to strengthen the company's long-term compensation incentive strategy, the Board of Directors decided at the meeting held on January 16, 2025, to propose the adoption of a restricted share unit plan. The rewards will be granted through the company's authorized allocation to the trustee of new Listed in Hong Kong shares, the company will transfer its treasury shares to the trustee and/or the trustee will obtain Listed in Hong Kong shares through purchasing existing shares (whether on-market or off-market).
Hong Kong stocks are moving. The old store of Gold has surged over 12%, hitting a historic high, with Goldman Sachs significantly raising the Target Price.
On January 16th, Gelonghui reported that Lao Pu Gold (6181.HK) surged over 12% during trading, reaching 315 Hong Kong dollars, a new historical high. On the news front, Lao Pu Gold received a Target Price increase from Goldman Sachs. Goldman Sachs pointed out that same-store sales for Lao Pu Gold exceeded expectations, and the rising Gold prices increased the group's visibility, combined with a strong brand, driving valuations upward. Therefore, they reaffirmed the 'Buy' rating, significantly raising the Target Price from 205 Hong Kong dollars to 345 Hong Kong dollars. (Gelonghui)
With the rise in Gold prices and positive ratings from major firms, Lao Pu Gold (06181.HK) has increased by over 11%.
Spot Gold prices continue to rise, reaching close to the $2,700 level. JPMorgan, CICC, Goldman Sachs, and UBS Group are all bullish on Gold demand and are optimistic about the prospects of Lo Po Gold (06181.HK), noting that the company's high-end gold and jewelry sales outlook is favorable. Lo Po Gold opened flat today, reaching a high of 315 yuan. Currently reported at 313 yuan, up 11.39%, with a trading volume of 0.4464 million shares, involving 0.135 billion yuan.
CICC: Maintains the "Outperform Industry" rating for Tongpu Gold (06181), with the Target Price raised to HKD 343.26.
CICC raised the pure profit forecast for Laopu Gold for the next two years by 15% and 18%, to 1.2 billion and 1.7 billion yuan respectively.
In "The Big Business," CICC raises the Target Price for China Gold International (06181.HK) by 67% to 343.26 yuan, anticipating rapid growth at the end given the arrival of the jewelry peak season.
CICC published a research report indicating that Lao Pu Gold (06181.HK) had a year-on-year revenue growth of 136% last year, reaching 7.5 billion yuan (RMB). The net profit grew by 187% compared to last year, reaching 1.2 billion yuan. The report stated that last year's rapid rise in gold prices impacted public jewelry sales, but premium Gold remained resilient. Since the end of last year, the company has launched promotional activities in several stores, which are expected to drive sales growth. The report remains Bullish on Lao Pu Gold's growth prospects this year, raising the net profit forecasts by 15% and 18% for this year and next year, to 1.2 billion and 1.7 billion yuan respectively, with a forecast of 2.3 billion yuan for 2026. This takes into account the jewelry peak season.
Hong Kong stocks move | Lau Po Gold (06181) rose over 5% during the session, Institutions remain Bullish on the growth prospects of high-end traditional Gold in 2025.
Lao Pu Gold (06181) rose more than 5% during trading, and as of the time of writing, it increased by 5.05%, reaching 295.2 Hong Kong dollars, with a transaction volume of 38.6002 million Hong Kong dollars.
Old shop Gold (6181.HK): Consumer value of emotions.
In the first half of 2024, Laopu Gold achieved strong performance growth. Although the industry faced some pressure in the second half of the year due to the rapid rise in Gold prices, it is believed that Laopu's high-end positioning minimizes the impact of Gold price fluctuations on its performance.
UBS Group remains bullish on gold prices, expecting that the demand for inflation hedging will offset the adverse effects of a rising dollar.
A report from UBS Group Analysts indicates that the recent strength of the US dollar and high US bond yields will put pressure on Gold prices in the first half of this year. However, a diversified Assets portfolio to hedge against inflation should be able to offset the negative factors from the dollar and interest rates. The report mentions that, especially due to the high concentration of Industries and geography within the investment portfolio, and the expensive stock market valuations, stock market volatility will become more frequent during this period. This uncertainty suggests that there will be continued strong official purchases of Gold this year, while the diversified demand for Assets from some low-interest-sensitive investors is expected to drive Gold prices to reach $2,850 per ounce by the end of the year.
Major bank rating | UBS Group: A slight improvement in the view of this year's CSI China Mainland Consumer Index, with a preference for POP MART and MINISO among others.
UBS Group issued a report stating that looking ahead to this year, due to a slight improvement in the bank's outlook on the CSI China Mainland Consumer Index, three investment themes are proposed, including category expansion, policy support, and inventory cycle. At the same time, there is a bullish outlook on IP retailers' categories and overseas expansion opportunities, and a slightly bullish view on the Dining industry due to potential policy support. Due to the inventory clearance cycle, a relatively cautious attitude is maintained towards sportswear Stocks. UBS Group indicated a preference for POP MART, MINISO, HAIDILAO, Laoputang Gold, BOSIDENG, YUM CHINA, and YUE YUEN IND, with all ratings being "Buy." The report mentioned that driven by IP innovation and potential categories and Global expansion, POP MART...
The UBS Group's investment ratings and Target Price for domestic retail stocks (table).
UBS Group released a research report, listing the investment ratings and Target Prices for consumer stocks as follows: Stock | Investment Rating | Target Price (HKD) ANTA SPORTS (02020.HK) | Buy | 108.6 LI NING (02331.HK) | Neutral | 14.3 -> 15.9 XTEP INT'L (01368.HK) | Neutral | 4.5 -> 5.8 HAIDILAO (06862.HK) | Buy | 17.3 -> 19.35 JIUMAOJIU (09922.HK) | Neutral | 3.
UBS Group in 'The Market' has slightly improved its outlook on this year's CSI China Mainland Consumer Index, favoring POP MART (09992.HK), MINISO (09896.HK), and HAIDILAO (06862.HK) among others.
UBS Group released a report indicating that it lowered its stock ratings for Restaurants and sportswear brands in last year's outlook, remaining Bullish only on IP retailers. Looking ahead to this year, given the slight improvement in the bank's view on the CSI China Mainland Consumer Index, three investment themes have been proposed, which include category expansion, policy support, and inventory cycle. At the same time, it remains Bullish on the category and overseas expansion opportunities of IP retailers, and is slightly Bullish on the Dining industry due to potential policy support. Due to the inventory clearance cycle, a relatively cautious attitude towards sportswear stocks is still maintained. UBS Group expressed a preference for POP MART (09992.HK), MINISO (09896.HK), and HAIDILAO.
[Brokerage Focus] Debang Securities maintains a 'Buy' rating for Laopu Gold (06181), expecting the company to have more than double the space for future store openings.
Jinwu Finance | Debon Securities released a research report stating that Laopu Gold (06181) has a unique product design that combines with traditional culture to launch new products with high spiritual and cultural value. From the perspective of new products, the company recently launched the Six-Eyed Tianzhu and Nine-Eyed Tianzhu series, and will introduce the Snake Pendant and Snake Statue by the end of 2024. The firm believes that the strong ability to innovate lies in the company's organizational system and industry insight. The company's founder, Mr. Xu Gaoming, serves as Chairman, General Manager, and Research and Development Director, well-versed in the combination of ancient gold craftsmanship and traditional jewelry culture. Mr. Xu has years of experience with cultural products and plays a crucial role in the company.
Lao Pu Gold (06181.HK): High-end gold luxury goods are more optimistic than expected.
Why Old Store? (1) High growth of traditional Gold: According to Frost & Sullivan and the company’s prospectus, in 2023, the market size of traditional gold has reached 157.3 billion yuan, accounting for 31% of the pure gold market. According to Frost & Sullivan's estimates, it will be...
Morgan Stanley: Maintains the old store Gold 'Shareholding' rating, Target Price raised to 338 Hong Kong dollars.
J.P. Morgan released a research report stating that it has raised the Target Price of Laopu Gold (06181) by 47.3% from HKD 229.4 to HKD 338, maintaining a Shareholding rating. The firm is Bullish on Laopu Gold's growth prospects, believing that its strong growth will benefit from brand Assets development, product innovation in markets that emphasize national pride, and a strong value proposition. The firm also noted that Laopu Gold's channel efficiency exceeded expectations, boosting confidence, storefront expansion is proceeding as planned, and the update speed is faster than anticipated. J.P. Morgan has raised Laopu Gold's profit forecasts for 2024-2026 by 13-14%, which is above market predictions.
[Brokerage Focus] JPMorgan maintains a 'Shareholding' rating for Old Paved Gold (06181), indicating a positive growth outlook.
Gold News | JPMorgan released a research report stating that despite uncertainty in overall Consumer spending, it remains bullish on the growth visibility of Laopu Gold (06181). It believes that Laopu Gold is expected to achieve strong growth through brand value building, product innovation, and a strong value proposition under the trend of national tide. The bank stated that from a channel perspective, despite fluctuations in Gold prices in the fourth quarter of 2024, Laopu Gold's offline and online channels are performing strongly. During the 2024 Singles' Day Sales event, Laopu ranked first in GMV in the jewelry Industry on Tmall, far surpassing its seventh-place ranking in the 2024 '618' event.
Can the buying frenzy for Gold before the Spring Festival save companies like CHOW TAI FOOK? The Gold jewelry industry will face restructuring in the future.
On January 9, Gelonghui reported that according to KE Holdings, there is a surge in the purchase of Gold Trinkets at the end of the year and the beginning of the next. During the New Year's Day holiday in 2025, many counters for Gold Trinkets in Shanghai were crowded, with the Lao Pu Gold store in Shanghai Yu Garden attracting long queues due to its "Spend 1,000 and save 100" promotion. In 2024, international Gold prices set a historical high 40 times, with an annual increase of over 27%. According to data from Jintou Network, on January 8, 2025, the Gold price for CHOW TAI FOOK Trinkets was 813 yuan/gram, compared to 625 yuan/gram on January 8, 2024, representing a total increase of 188 yuan per gram over the year. The rise in Gold prices corresponds with the increased demand for Gold Trinkets.
Laopu Gold Co. Ltd. Class H (6181) Receives a Buy From J.P. Morgan
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