Daiwa: Initiates coverage on LAOPU GOLD with a "Buy" rating and a target price of HKD 950
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Daiwa has given LAOPU GOLD a "Buy" rating with a target price of HKD 950, based on a price-to-earnings ratio of 22 times the earnings per share for the fiscal year 2026. Daiwa believes the market has underestimated LAOPU's brand strength and growth potential, and the current price presents a good opportunity for investors. It is expected that LAOPU's net profit will grow by 207% year-on-year in the second half of this year, and by 32% in the fiscal year 2026. Daiwa is confident in LAOPU's ability to build luxury brands and believes its network can expand by at least 50% in the long term
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