HTSC International: Gold Price Target for Lao Pu (06181.HK) Set at 957.2 Hong Kong Dollars, Maintains "Outperform" Rating.

According to the latest report from Haitong International on its financial app, the new opening and store structure optimization of Laofu Gold (06181.HK) will drive revenue growth on a quarter-over-quarter basis in the short term. In the medium to long term, the group will strengthen its brand positioning at the high end, and the expansion of domestic and overseas customer groups will further enhance overall consumer purchasing power and repurchase rate. The bank maintains a "outperform the market" rating on Laofu Gold, with a target price of 875.6 RMB (957.2 HKD and based on the exchange rate on September 1) corresponding to a 2026 PE ratio of 22 times, still with a 31.6% upside potential.