HK Stock Market Move | LAOPU GOLD (06181) surges over 7%, with long queues seen at offline stores, receiving target price upgrades from several major banks.

LAOPU GOLD (06181) surged over 7%, with its stock price rising by over 80% so far this year. As of the time of writing, it has risen by 7.06% to 451.8 Hong Kong dollars, with a trading volume of 1.34 billion Hong Kong dollars. On the news front, it has been reported that there have been long queues outside many LAOPU GOLD stores. Reports indicate that journalists have visited several LAOPU GOLD stores, where there was a one-hour queue at the East Newland Pharmaceutical store, a two-hour queue at the SKP Mall at 7 pm, and some people even had to wait for 5 hours to see the counter that day. On February 10th, the queue was still hot, with some people bringing foldable chairs and consumers saying they had waited for 7 hours. In addition, LAOPU GOLD has recently been favorably rated by several major banks, with their target prices significantly raised. Goldman Sachs stated that, based on strong brand momentum, they have raised their net profit forecast for the company from 2024 to 2026 by 11% to 26%, reflecting better same-store sales prospects and operational leverage, with their target price raised from 205 Hong Kong dollars to 345 Hong Kong dollars. Citigroup reported that surveys show that LAOPU GOLD's brand popularity and product competitiveness will continue to be strong this year. They gave LAOPU GOLD a "buy" rating, with their target price raised from 267.8 Hong Kong dollars to 460.2 Hong Kong dollars.