Understanding the Market | LAOPU GOLD rises over 6%, annual performance exceeds expectations, overseas first store enters high-end mall in Singapore

LAOPU GOLD rose over 6% again, as of the time of writing, it increased by 5.83%, reported at HKD 562.5, with a transaction volume of HKD 176 million. In terms of news, LAOPU GOLD announced that it expects a net profit of approximately HKD 1.4 billion to HKD 1.5 billion for the full year of 2024, a year-on-year increase of about 236% to 260%, mainly attributed to the steady growth of same-store sales last year, the opening of seven new stores, and the upgrade and renovation of four existing boutiques. In addition, several consumers have posted images and texts on social media stating that LAOPU GOLD's new store in Singapore is already under construction. Nomura released a research report stating that LAOPU GOLD's 2024 performance exceeded expectations, forecasting that LAOPU GOLD's same-store sales will maintain strong growth and will become the main growth driver in the next two years. Through the continuous addition of stores and adjustments to the locations of existing stores, it will further drive the growth of LAOPU GOLD's same-store sales. Tianfeng Securities stated that LAOPU GOLD's first overseas store has entered a high-end shopping mall in Singapore, and the Singapore store has begun renovations, with overseas expansion opening up long-term space for LAOPU GOLD