MBLAOPU@EC2706A

Citi Report: Gold Price Drop Leads to Double-Digit Decline in SKP Same-Store Sales

Old Shop Gold to Hold 2025 Annual General Meeting to Approve Dividend Plan

Citi Maintains Old Shop Gold's Target Price and Buys Rating

Phillip Securities Maintains Buy Rating on Lao Pu Gold H Shares

Lao Pu Gold Clarifies International Strategy, Expanding into Southeast Asia and Europe Americas Markets

GF Securities and Citibank Maintain Buy Rating for LaoPu Gold's H-Share

CGS International Maintains Buy Rating on Lao Pu Gold H Shares

CICC Maintains Buy Rating on Laopu Gold's H-Share, Sets Target Price at HKD 1,079.06

Morgan Stanley Upgrades Old Shop Gold's Profit Forecast and Maintains Overweight Rating

Nomura Raises Forecast and Target Price for Old Store Gold

UBS Raises Old Shop Gold Target Price to 930 HKD

Goldman Sachs Report: LaoPu Gold Surpasses Expectations in 2025, Maintains Buy Rating

Citi Analyst Gives Buy Rating to Lao Pu Gold

LAOPU GOLD released FY2025 Q3 earnings on March 23 (BJT), actual revenue HKD 0, actual EPS HKD 0

LAOPU GOLD released FY2025 9 Months Earnings on March 23, 2026 (BJT) with actual revenue of HKD 21.55 B and EPS of HKD 22.6131

Laopu Gold Raised Funds at High Position

Lao Pu Gold Announces Preliminary Q1 2026 Financial Data

Laopu Gold's Full-Year Net Profit Exceeds Expectations at 4.87 Billion Yuan

Old Shop Gold Reports Significant Revenue and Profit Growth in 2025 Fiscal Year

LAOPU GOLD released FY2025 earnings on March 23 During-Market (BJT), actual revenue HKD 29.84 B (forecast HKD 30.53 B), actual EPS HKD 30.9806 (forecast HKD 30.7408)

QINGDAO HLDGS

QIANHAI HEALTH

GUOXIA TECH

BITSTRAT HLDGS

KIN SHING HLDGS

AV CONCEPT HOLD

DATRONIX HOLD

HAITIAN ANTENNA

PRODUCTIVE TECH

INVESTECH HLDGS

06181

518880

As of yesterday's close, LAOPU GOLD (6181.HK)

Technical Forecast

LAOPU GOLD

Huaan Yifu Gold ETF

Laopu Gld HK SDR 50to1

Morning Trend | LAOPU GOLD (6181.HK) Approaching Resistance Level, Short-term Variables Increasing

06869

06809

01208

02476

00763

02714

06288

03750

06618

YOFC(06869) rose 17.16%, with a trading turnover 6.7 Billion HKD, and a year-to-date rose 378.1%. MONTAGE TECH(06809) rose 8.3%, with a trading turnover 580.9 Million HKD, and a year-to-date rose 109.9%. MUYUAN(02714) fell 6.14%, with a trading turnover 220.5 Million HKD, and a year-to-date rose 2.6%. FAST RETAIL-DRS(06288) fell 5.35%, with a trading turnover 63.9 Thousand HKD, and a year-to-date rose 26.2%.

- The Hang Seng Index fell by 1.22%, with a year-to-date increase of 2.1%, while the Hang Seng Technology Index decreased by 1.93%, reflecting a year-to-date decline of 10%.  
- Longi Green Energy (06869) rose by 17.16% with a transaction volume of 6.67 billion HKD, marking a cumulative increase of 378.1% for the year.  
- Meanwhile, companies like Yangtze Memory (06809) and Muyuan Food (02714) experienced mixed results, with Yangtze Memory increasing by 8.3% and Muyuan decreasing by 6.14%.

Top Gainers & Losers

YOFC

MONTAGE TECH

MUYUAN

FAST RETAIL-DRS

CATL

JD HEALTH

Top 5 HK Stock Gainers/Losers (>100B) (4.22)

Huachuang Securities analyst maintained a Buy rating on Laopu Gold Co. Ltd. Class H yesterday and set a price target of HK$806.00.Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Laopu Gold Co. Ltd. Class H has an analyst consensus of Strong Buy, with a price target consensus of HK$994.64.

Tip Ranks

Polaris

Huachuang Securities Reaffirms Their Buy Rating on Laopu Gold Co. Ltd. Class H (6181)

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06862

09987

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Most Hong Kong consumer stocks declined, with YUM China falling more than 5%, CHOW SANG SANG dropping over 4%, and LAOPU GOLD, ZHOU HEI YA, and HAIDILAO each falling more than 3%

Wallstreetcn

ZHOU HEI YA

HAIDILAO

YUM CHINA

CHOW SANG SANG

YUM China

06082

09903

03986

03317

01072

00914

01919

00669

BIREN TECH(06082) rose 26.65%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 149.3%. ILUVATAR COREX(09903) rose 17.47%, with a trading turnover 863.6 Million HKD, and a year-to-date rose 201.4%. LAOPU GOLD(06181) fell 2.67%, with a trading turnover 526.2 Million HKD, and a year-to-date rose 6%. ZTE(00763) fell 2.34%, with a trading turnover 715.4 Million HKD, and a year-to-date fell 13.8%.

BIREN TECH

ILUVATAR COREX

GIGADEVICE

XUNCE

DONGFANG ELEC

CONCH CEMENT

COSCO SHIP HOLD

TECHTRONIC IND

Top 5 HK Stock Gainers/Losers (>100B) (4.16)

06990

09926

01801

01177

00100

02513

01772

SKB BIO(06990) rose 6.97%, with a trading turnover 458.1 Million HKD, and a year-to-date rose 32.3%. AKESO(09926) rose 6.89%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 30.4%. MINIMAX-W(00100) fell 10.88%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 413.6%. KNOWLEDGE ATLAS(02513) fell 8.54%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 646.1%.

SKB BIO

AKESO

INNOVENT BIO

SBP GROUP

MINIMAX-W

KNOWLEDGE ATLAS

GANFENGLITHIUM

Top 5 HK Stock Gainers/Losers (>100B) (4.15)

TCEHY

BABA

00700

The Hang Seng Index rose 197 points in the half-day session, with Alibaba and Tencent leading the gains, and Laopu Gold surged 6%. The market opened higher on expectations of easing tensions in the US-Iran conflict, reaching a peak increase of 344 points. Half-day turnover was HKD 134.9 billion. AIA and the "two oil giants" fell against the market trend, dragging down the overall market. Internet healthcare stocks such as JD Health and Alibaba Health generally rose. Lingrui's shares changed hands, with the stock price soaring 275% at one point

- The Hong Kong stock market opened positively, with the Hang Seng Index initially rising 295 points, reaching a peak of 26,216 points, before settling at 26,069 points, up 197 points or 0.76%.  
- Notable movers included Alibaba and JD.com, which gained 4% and 6% respectively, while AIA and two major oil companies saw declines.  
- In U.S. markets, oil prices dropped significantly, and Nvidia shares surged 18%, reflecting a general optimism about easing tensions in the Middle East.

Stheadline

Tencent

Alibaba

TENCENT

BABA-W

CSOP HS TECH

FI2 CSOP HSI

BABA 2x Long Daily ETF - GraniteShares

Hwabao CSI HK Equities Internet ETF

Krne Csi China Internet

KraneShares 2x Long BABA Daily ETF

E Fund CSI HK Connect Internet ETF

FI CSOP HSI

FL2 CSOP HSI

The Hang Seng Index rose 197 points in the half-day session, with Alibaba and Tencent leading the gains. Laopu Gold surged 6%, and another stock changed hands skyrocketed by 233% | Hong Kong stock market opens

600489

GOLD

RING

GLDM

JNUG

On April 14, Jin10 reported that gold jewelry prices in China have increased compared to the previous day. According to Jin10, Laopu Gold's pure gold jewelry is priced at 1,543 yuan per gram, marking an 8 yuan increase from yesterday. Meanwhile, Chow Sang Sang's pure gold jewelry (selling price) is listed at 1,455 yuan per gram, reflecting a 12 yuan rise.

CoinLive

ZHONGJIN GOLD

Gold.com

SD-GOLD

SPDR Gold Shares

iShares MSCI Global Gold Miners

Pro Ultr GLD

Abrdn Gold ETF Trust

Us Gbl GLD & Met

VanEck Junior Gold Miners ETF

iShares Gold Trust

SPDR Gold Minishares

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Abrdn Precious Metals Basket ETF Trust

Sprott JR Gold Miners ETF

Direxion Daily Gold Miners Bull 2X

VanEck Gold Miners ETF

Sprott GLD Miners Etf

ChinaAMC Gold ETF

Direxion Daily Jr Gold Miners Bull 2X

PRECIOUS METALS | Gold Jewelry Prices Rise in China

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XUNCE(03317) rose 15.61%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 609.7%. NIO-SW(09866) rose 7.47%, with a trading turnover 339.3 Million HKD, and a year-to-date rose 27.9%. JD HEALTH(06618) fell 9.43%, with a trading turnover 695.0 Million HKD, and a year-to-date fell 16.3%. COSCO SHIP ENGY(01138) fell 4.45%, with a trading turnover 571.4 Million HKD, and a year-to-date rose 94.5%.

- The Hang Seng Index decreased by 0.9%, with a year-to-date increase of 0.1%.  
- The Hang Seng Technology Index fell by 0.79%, down 12.6% year-to-date, while Xunji (03317) surged by 15.61% with a trading volume of 2.66 billion HKD, totaling a 609.7% increase this year.  
- NIO-SW (09866) rose by 7.47%, with a trading volume of 340 million HKD, and JD Health (06618) dropped by 9.43%, totaling a 16.3% decrease year-to-date.

NIO-SW

SINOTRUK

BYD COMPANY

COSCO SHIP ENGY

HENGRUI PHARMA

Top 5 HK Stock Gainers/Losers (>100B) (4.13)

Phillip Securities has reaffirmed its Buy rating for Laopu Gold Co. Ltd. Class H (6181), setting a price target of HK$815.96. The stock closed at HK$654.00. The analyst consensus for the company is a Strong Buy, with an average price target of HK$995.71.

Phillip Securities Sticks to Their Buy Rating for Laopu Gold Co. Ltd. Class H (6181)

82824

Gold prices have plunged, erasing all gains made since the start of 2026 and leaving LAOPU GOLD stores deserted. Despite announcing a 30% price hike on February 28, the market is taking a wait-and-see approach regarding whether its ancient craftsmanship can support the rising prices. While LAOPU GOLD's performance surged in 2025, consumer purchasing enthusiasm has waned after the gold price crash. Revenue for the first quarter of 2026 is projected to reach 16.5 billion to 17.5 billion yuan, with a net profit of approximately 3.6 billion to 3.8 billion yuan

- Gold prices have sharply declined, erasing all gains since 2026, impacting consumer interest in premium gold brands like Laopul.  
- Despite a successful price increase of about 30% earlier this year, Laopul's prices now seem high amid falling market rates, raising concerns about the brand's future sales performance.  
- Analysts note that while Laopul's high profit margins have driven growth, ongoing price volatility and changing consumer sentiment may pose significant risks in the current market environment.

EFUND GOLD MI ETF

Kinross Gold

Zijin Mining

EFUND GOLD MI-R

EFUND GOLD MI-U

Roundhill Gold Miners Weeklypay ETF

Microsectors Gold Miners 3x Leveraged ETN

YieldMax Gold Miners Opt Inc Strgy ETF

GLOBAL X Gold Explorers

Gold Prices Plunge, Putting Newly Price-Hiked LAOPU GOLD in an Awkward Position

GF Securities analyst maintained a Buy rating on Laopu Gold Co. Ltd. Class H yesterday and set a price target of HK$762.22.End of Quarter Sale - 50% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks In a report released on March 23, Citi also maintained a Buy rating on the stock with a HK$1,162.00 price target.

GF Securities Sticks to Their Buy Rating for Laopu Gold Co. Ltd. Class H (6181)

00590

As of April 1, 2026, gold bar prices have shown a mixed trend across major banks and brands. Brands like Ya Yi Gold Store, Laopu Gold, and Luk Fook Jewellery have seen price increases, with Ya Yi Gold Store experiencing the largest rise of 65 yuan per gram compared to the previous day.

LUK FOOK HOLD

PRECIOUS METALS | Gold Bar Prices Rise Across Major Brands

Laopu Gold 

Conference Minutes

Below is Dolphin Research's Trans from Laopu Gold's 2H2525 earnings call. For the earnings analysis, please see 'Laopu Gold: High-price follow-on; the Hermes of gold's big bet paid off!'

MBLAOPU@EC2706A(28476.HK)

MBLAOPU@EC2706A Stock Performance Chart

Morning Trend | LAOPU GOLD (6181.HK) Approaching Resistance Level, Short-term Variables Increasing

Top 5 HK Stock Gainers/Losers (>100B) (4.22)

Huachuang Securities Reaffirms Their Buy Rating on Laopu Gold Co. Ltd. Class H (6181)

Most Hong Kong consumer stocks declined, with YUM China falling more than 5%, CHOW SANG SANG dropping over 4%, and LAOPU GOLD, ZHOU HEI YA, and HAIDILAO each falling more than 3%

Top 5 HK Stock Gainers/Losers (>100B) (4.16)