Daiwa: Luk Fook Gold (06181.HK) to gradually recover growth starting in the second half of the year. Target price of 925 Hong Kong dollars. Maintains a rating of "In Line with the Market".

According to the Wise Finance APP, Morgan Stanley released a research report stating that Lao Pu Gold (06181.HK) will increase product prices by 5%-12.5% on August 25th, with most products seeing a price increase of around 12%. Morgan Stanley believes that this will increase the group's gross profit margin from 38.1% in the first half of 2025 to 44.7% after the price adjustment, exceeding the market's general expectation of 39.5% for the second half of the year. They maintain a "synchronize with the market" rating and a target price of 925 Hong Kong dollars.