HK Stock Market Move | LAOPU GOLD (06181) fell more than 5% during trading hours. Daiwa Securities says that after the price increase, customer traffic has slowed down, but expected demand will gradually recover.

LAOPU GOLD (06181) fell more than 5% during trading hours, dropping 3.85% to 649 Hong Kong dollars with a trading volume of 6.38 billion Hong Kong dollars as of the time of writing. On the news front, on March 11, LAOPU GOLD announced a positive profit forecast for the annual performance, expecting a net profit of around 4.8 to 4.9 billion yuan for the year 2025, an increase of approximately 226% to 233% year-on-year. Fubon released a research report stating that although revenue and net profit roughly met the bank's expectations, adjusted net profit exceeded the bank's and market forecast by 10% to 15%. This is believed to be due to the better-than-expected gross profit margin in the second half of 2025 and strong operational leverage. Daiwa released a research report stating that LAOPU GOLD announced a price increase in February, and the recent geopolitical tensions in the Middle East have caused a temporary halt in the rise of gold prices. Market research shows that consumer enthusiasm for gold products has cooled down, with significantly shorter queues compared to before. The bank believes that this is a normal situation, as customer traffic usually slows down one to two weeks after a price increase, and the demand is expected to gradually recover driven by the increasing popularity of new products and continuous support from gold prices.