HK Stock Market Move | LAOPU GOLD (06181) rises more than 5% to reach a new high, with multiple positive factors, with the stock price increasing by over 30% within the month.

LAOPU GOLD (06181) has risen more than 5%, reaching a high of 119.2 Hong Kong dollars, once again hitting a historical high. The stock price has accumulated a gain of over 30% this month. As of the time of this report, it has risen by 5.04% to 118.8 Hong Kong dollars, with a trading volume of 7.2993 million Hong Kong dollars. On the news front, multiple positive factors have helped the company's stock price repeatedly reach new highs. On September 10, the list of Hong Kong stocks eligible for trading through the Stock Connect program was officially adjusted, with LAOPU GOLD being included. In the first half of this year, LAOPU GOLD achieved a revenue of 3.52 billion yuan (all in the same unit), an increase of 148.34% year-on-year; the company's net profit attributable to owners amounted to 588 million yuan, a year-on-year increase of 198.75%. Cinda believes that the company is a scarce high-end traditional gold brand and is expected to achieve significantly faster performance growth compared to its peers in the next 3 years, enjoying a certain valuation premium.