Understanding the Market | LAOPU GOLD rises over 7% again, the company will announce its performance at the end of this month, and it is expected that the annual net profit will increase by up to 2.6 times
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LAOPU GOLD's stock price rose over 7% again, up 7.45% as of the time of writing, reported at HKD 779, with a transaction volume of HKD 504 million. The company expects its net profit to grow by 236% to 260% in 2024, mainly benefiting from same-store sales growth and new store openings. Morgan Stanley's research report pointed out that LAOPU GOLD's stock price has reflected future expansion expectations, with a current price-to-earnings ratio of 34 times, significantly higher than the industry average of 11 times. They believe the risk-return is reasonable, with main risks including gold prices and market liquidity
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