LAOPU GOLD performs well against the market trend. It is reported that on October 26, there will be a product price adjustment, the third price adjustment this year

According to domestic media reports, LAOPU GOLD (06181.HK) has announced a price adjustment notice, which will take effect on October 26 (Sunday). The details of the product price adjustment will be based on the actual marked prices of products in online and offline stores. This marks the third price adjustment for LAOPU GOLD this year, with the previous two occurring in February and August.

The Hang Seng Index's afternoon decline has expanded to over 600 points or 2.3%. LAOPU GOLD (06181.HK) opened 3.2% higher this morning, reaching a high of 846 HKD during the day, a rise of nearly 5.3%. It is currently reported at 822 HKD, up 2.3%, with a transaction volume of 1.953 billion HKD.

UBS released a report this morning, upgrading LAOPU to "Buy," considering the valuation pressure and the potential product price increase in the last quarter (already implemented), which may support short-term sales and gross margins