HK Stock Market Move | LAOPU GOLD (06181) rises more than 4%, high-end channels driving high growth, gold price fluctuations do not change the long-term development trend.

LAOPU GOLD (06181) surged more than 4%, rising 4.38% to HK$281 at the time of writing, with a turnover of HK$76.79 million. On the news front, the Tianfeng research report pointed out that in the short term, the company's high-end channel positioning drives high growth, while in the long term, its brand accumulation determines its growth ceiling. The analysis by the bank shows that LAOPU's ability to achieve excess high growth is reflected in: 1) "People": Differentiated positioning advantages, leading brand in high-end traditional gold. 2) "Goods": Craftsmanship and aesthetic blessings, higher product premiums. 3) "Place": First-mover advantage, leading layout in high-end channels. China Securities Co., Ltd. believes that the rapid development of LAOPU GOLD is due to supply-side innovation in gold jewelry, showcasing China's traditional culture in the high-end market. Gold price fluctuations are only short-term disturbances and do not change the long-term development trend.