HK Stock Market Move | LAOPU GOLD (06181) is now up over 4%, with a large increase in sales during the New Year period. Major institutions predict strong sales performance during the Spring Festival.

LAOPU GOLD (06181) is now up more than 4%, as of the time of writing, up by 3.98%, at 680 Hong Kong dollars, with a turnover of 4.54 billion Hong Kong dollars. On the news front, according to Securities Daily, as the peak sales season of New Year and Spring Festival approaches, LAOPU GOLD has once again seen a "queueing frenzy" in cities such as Shanghai, Beijing, and Hangzhou. Citigroup predicts that the upcoming Spring Festival will maintain a strong demand momentum and same-store sales growth. Goldman Sachs research shows that during the New Year period, LAOPU GOLD saw long queues in multiple cities, with growth rates exceeding three digits. In addition, Goldman Sachs research report mentioned that after a price increase in October last year, LAOPU GOLD's gross profit margin level has returned to above 40%. Citigroup predicts that by 2025, LAOPU GOLD's net profit will grow by 224%, reaching 4.8 billion yuan, and by 2026, both the gross profit margin and net profit will continue to rise.