HK Stock Market Move | LAOPU GOLD (06181) rises by nearly 4%, ancient gold prosperity continues to soar, EB SECURITIES first gives a "buy" rating.

LAOPU GOLD (06181) rose nearly 4%, as of the time of writing, up 3.86% to HK$646.5, with a turnover of HK$3.65 billion. On the news front, international financial institution Rothschild recently released a luxury industry report, forecasting that LAOPU GOLD's absolute revenue is expected to surpass Liufeng Group's jewelry business revenue in the Chinese market by 2025. The report emphasized that the success of LAOPU GOLD in China is exceptional. EB SECURITIES research report pointed out that since 2023, the price of gold has been rising rapidly, with consumers increasing their investment in gold as a hedge against inflation, and ancient gold, with its hidden value and collection value, has continued to increase in popularity, resulting in historical highs for the company's performance. Combining relative and absolute valuation methods, the company is given a target price of HK$804.64, with a target PE of 27/20/15 for 2025-2027, and an initial "buy" rating.