Lates News

Citibank published a research report stating that Laopu Gold's overseas expansion plan seems to be accelerating, with plans to open more new markets by 2026. Management did not deny the funding requirement to support growth or trigger investor concerns about potential financing. Citibank expects new store investments (mainly for inventory) to break even within two years and free cash flow to turn positive by 2026. With the leverage effect of new store openings and operations, same-store sales growth is expected to be strong. The bank has raised its net profit estimates for Laopu Gold for the 2025 to 2027 fiscal years by 3%, 2%, and 1%, respectively, and raised its target price from 1084 Hong Kong dollars to 1119 Hong Kong dollars, maintaining a "buy" rating.