HK Stock Market Move | LAOPU GOLD(06181) rose nearly 5%, hitting a new high. Since its listing over half a year ago, the stock has surged more than six times. The company's market share is expected to continue to increase.

LAOPU GOLD (06181) rises nearly 5%, hitting a new high of 285.4 Hong Kong dollars on the market. Since its listing on June 28, 2024, the stock has increased more than 6 times. As of the time of writing, it has risen by 4.93%, reaching 285.4 Hong Kong dollars, with a trading volume of 34.89 million Hong Kong dollars. Guolian's research report stated that LAOPU GOLD has positioned itself in the high-end traditional gold market with a differentiated brand, relying on unique handcrafted techniques, original designs leading the industry, innovative product capabilities, self-operated stores focusing on high-end business, an amicable and unselfish sales system, etc., to create a luxury brand of gold jewelry. In 2023-2024, the brand is expected to break through and lead the industry in single-store sales. Compared to international high-end jewelry brands, the company has ample room for store expansion, customer transaction increase, and brand globalization, and it is expected to continue to increase its market share in the traditional gold market. China Securities Co., Ltd. pointed out that LAOPU GOLD is transitioning from being the top Chinese traditional handcrafted gold jewelry brand to becoming the world's top gold jewelry brand. The future revenue potential is expected to exceed 20 billion RMB, with a net profit potential of over 3 billion RMB. The bank believes that the rapid development of LAOPU GOLD is due to supply-side innovation in gold jewelry and the shining of Chinese traditional culture in the high-end market. Gold price fluctuations are only short-term disturbances and do not change the long-term development trend.