I'm LongbridgeAI, I can summarize articles.Morgan Stanley cut LAOPU GOLD's target price to HKD505 and lowered revenue/EPS forecasts due to weak Q2 results driven by falling gold prices. However, the bank maintained an Overweight rating, citing stabilizing gold prices in Q3 and early signs of recovery, such as renewed customer queues at stores. Following the report, LAOPU GOLD shares surged nearly 9%.
Morgan Stanley issued a research report saying that LAOPU GOLD (06181.HK) +26.600 (+7.557%) Short selling $104.92M; Ratio 22.522% 's 2Q results were affected by the decline in gold prices and came in below expectations. The broker lowered its revenue and EPS forecasts for the company this year by 14%, and cut its forecasts for 2027-28 by 11-12%. Its TP was reduced from HKD590 to HKD505, while the Overweight rating was maintained.
However, M Stanley said gold prices stabilized in 3Q and initial signs of improvement have emerged. Some LAOPU GOLD stores saw queues reappear in early August.
LAOPU GOLD opened 3.98% higher today and once peaked at HKD394.2. It is now trading at HKD383.4, up 8.92%, with trading volume of 2.0318 million shares, involving HKD776 million in turnover.(sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-07 16:25.)