HK Stock Market Move | LAOPU GOLD (06181) increased by over 5%. The fluctuation in gold price does not dampen consumer sentiment, with multiple company stores set to open within the year.

LAOPU GOLD(06181) rose more than 5%, as of the time of writing, it was up 5.15% at 765 Hong Kong dollars, with a trading volume of 5.56 billion Hong Kong dollars. In terms of news, on Friday morning, spot gold broke through $3200 per ounce, continuing to set new historical highs; COMEX gold futures broke through $3230 per ounce, also hitting a historical high. According to recent reports by Jiemu News, reporters visited several gold shops in Wuhan, including many jewelry brands such as LAOPU GOLD, where customers were flocking in to try on and purchase items. Even on April 5th when gold prices fell, there were still long lines outside LAOPU GOLD. According to staff, LAOPU GOLD's products are all priced uniformly, and the fluctuations in gold prices do not have a significant impact on their prices. Customers have been lining up since April 3rd, with shortages of both basic and popular items. Goldman Sachs pointed out that on April 9th, the bank had a face-to-face meeting with the management team of LAOPU GOLD. The main points are as follows: despite recent fluctuations in gold prices, consumer sentiment remains strong; planned new stores include the Shanghai Hang Lung Plaza store at the end of April - beginning of May, a store in mid-June in Singapore, and a store in the Hong Kong International Financial Center, all to be opened by 2025; the target GMV for each store is over 1 billion yuan, with plans to open 50-60 stores in about 50 shopping centers in mainland China, Hong Kong, and Macau. The bank indicates that market sentiment is still strong and recommends buying LAOPU GOLD, with a 12-month target price of 976 Hong Kong dollars.