Daiwa: Upgrade Old Shop Gold (06181.HK) target price to 1055 Hong Kong dollars, rating "in line with the market"

Capital Elite Financial APP has learned that Morgan Stanley has released a research report stating that it has raised its revenue forecast for Lao Pu Gold (06181.HK) from 2025 to 2027 by 13% to 18% and its profit forecast by 19% to 25% to reflect the accelerated opening of new stores this year. The target price has been raised from 865 Hong Kong dollars to 1055 Hong Kong dollars, maintaining a "synchronized with the market" rating.