CICC: Maintains "Outperform" rating on Laopu Gold (06181.HK) with target price of HK$412.35; focus on high-net-worth client operation effectiveness

Zhitong Finance APP has learned that CICC issued a research report stating that it maintains Laopu Gold's (06181.HK) "Outperform" rating, with a target price of HK$412.35, corresponding to 14x 2027 P/E, implying 31% upside from the current share price. The bank expects the company's earnings per share (EPS) for 2026 and 2027 to be RMB 34.26 and RMB 25.55, respectively, corresponding to P/E ratios of 8x and 10x. The bank believes that Laopu Gold still has solid brand recognition and a customer base, and recommends paying attention to the effectiveness of the company's subsequent high-end customer operations, as well as its role in driving brand influence and performance growth.