Citi from "The Big Banks": LAOPU GOLD management is confident about sales prospects, reiterates "Buy" rating

Citi published a research report stating that LAOPU GOLD (06181.HK) management has shown strong confidence in both short-term and long-term sales prospects. They believe that despite the recent pullback in gold prices, encouraging customer behavior has been observed, and the short-term sales outlook remains positive. In the long run, there is ample room for expansion in the customer base, from entry-level to ultra-high-net-worth clients, indicating further potential for sales growth.

Citi reiterated its "Buy" rating on LAOPU and listed it as a top pick in the Chinese jewelry industry, with a target price of HKD 1,162