JPLAOPU@EC2612A

SPDB Maintains Buy Rating on Lao Pu Gold, Sets HKD 782 Target Price

Richemont Reports Strong Annual Results, CEO Names Laopu Gold and Rejects Acquisition

Xu Dongbo Increases Stake in Lao Pu Gold by 335,700 Shares for HK$168 Million

Lao Pu Gold Controlling Shareholder Xu Dongbo Increases Stake to 58.1% via 335,700 H-Share Purchase

Gold Jewelry Price Drops Below 1400 Yuan/Gram on May 16, Major Brands Close Nearly 1000 Stores in Q1

Citi Maintains Buy Rating on Lao Pu Huang with Target Price of 1162 Yuan, Stating Concerns Are Priced In

Goldman Sachs Maintains Buy Rating on Lao Shop Gold

Macquarie downgrades Lupas Gold's H-shares to 'underperform'

JPMorgan Raises Profit Forecast for Lao Pu Gold and Maintains Overweight Rating

Morningstar Provides First Fair Value Estimate for Lao Pu Gold

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

JOLIMARK

TIMES UNI GP

APEX ACE HLDG

VPOWER GROUP

GW TIANDI

FUJING HOLDINGS

TEAMWAY INTL GP

SFSY NEW MAT

FDB HOLDINGS

KEEN OCEAN

06181

518880

SPDB analyst maintained a Buy rating on Laopu Gold Co. Ltd. Class H yesterday and set a price target of HK$782.00.Memorial Day Sale – Claim 70% Off TipRanksUnlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter Currently, the analyst consensus on Laopu Gold Co. Ltd. Class H is a Strong Buy with an average price target of HK$997.91.

Tip Ranks

LAOPU GOLD

Huaan Yifu Gold ETF

SPD Bank

Laopu Gld HK SDR 50to1

SPDB Remains a Buy on Laopu Gold Co. Ltd. Class H (6181)

Lao Pu Gold fell 2.83% to HK$479.00, reaching a 52-week low with a turnover of HK$133.76 million.

HK Stock Market Update

Lao Pu Gold Hits 52-Week Low During Regular Trading

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As of May 21, 2026, gold bar prices from major banks and brands have generally increased, with Laopu Gold seeing the largest rise of 17 yuan per gram. Other brands, including Bank of Communications and Lao Feng Xiang, also reported price hikes.

CoinLive

Bank Of Communications

BANKCOMM

PRECIOUS METALS | Laopu Gold Sees Largest Price Increase Among Major Brands

LAOPU GOLD's controlling shareholder Xu Dongbo purchased 335,700 H shares for approximately HKD166 million on May 20, representing about 0.19% of total issued shares. After this transaction, Xu Dongbo and Xu Gaoming, along with Beijing Hongqiao Jinji Consulting, hold around 58.1% of the company's shares.

AASTOCKS News

LAOPU GOLD Controlling Shareholder Xu Dongbo Buys 336,000 Shrs for HKD166M on Wed

Citi has initiated a 30-day upside catalyst watch on LAOPU GOLD, citing potential for re-rating despite concerns over same-store sales growth. The report indicates that current valuation reflects these concerns, with limited downside risk to earnings. The upcoming 618 online promotion is expected to act as a catalyst for growth. Citi maintains a Buy rating with a target price of HKD1162.

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi Initiates 30-Day Upside Catalyst Watch on LAOPU GOLD , Sees Re-rating Potential

GDXJ

NUGT

As of May 14, 2026, gold bar prices across major brands have shown mixed trends. Notably, Yayi Gold Store, Lao Feng Xiang, and Laopu Gold have seen price declines, with Laopu Gold experiencing the largest drop of 8 yuan per gram compared to the previous day.

VanEck Junior Gold Miners ETF

Direxion Daily Gold Miners Bull 2X

Microsectors Gold Miners 3x Leveraged ETN

EFUND GOLD MI ETF

EFUND GOLD MI-R

Sprott GLD Miners Etf

SPDR Gold Minishares

Sprott JR Gold Miners ETF

EFUND GOLD MI-U

GLOBAL X Gold Explorers

iShares MSCI Global Gold Miners

Pro Ultr GLD

iShares Gold Trust

ChinaAMC Gold ETF

Abrdn Gold ETF Trust

VanEck Gold Miners ETF

PRECIOUS METALS | Gold Bar Prices Show Mixed Trends Across Major Brands

G Sachs has reiterated a Buy rating for LAOPU GOLD, noting a 4% increase in share price despite an 18% pullback since March. The report highlights attractive risk-reward dynamics, supported by brand momentum and customer acquisition. Performance during Labor Day met expectations, with gross margins exceeding 45%. Management plans to upgrade 8-12 stores in mainland China and open 5-6 new stores abroad. G Sachs anticipates a recovery in consumer sentiment if gold prices stabilize, setting a 12-month target price of HKD1,108.

Goldman Sachs

GS Hldg R

G Sachs: LAOPU GOLD  Brand Momentum Continues; Reiterate Buy Rating

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517520

GOAU

At yesterday's close, Chow Tai Fook's daily MACD bearish signal has initially formed, indicating a weakening of the upward momentum in the short term. The total trading volume for the day was approximately HKD 60 million, with trading activity at a relatively low level, showing insufficient short-term trading interest in this jewelry retail leader. As a representative stock in the Hong Kong consumer sector, Chow Tai Fook's performance reflects changes in market expectations regarding the recovery of consumption in mainland China to some extent. The current weakening of technical indicators may suggest that consumer confidence still carries uncertainties. On the news front, Dalio recently suggested allocating 5%-15% to gold assets, and the attention on gold as a safe-haven asset is increasing, but this has a dual impact on Chow Tai Fook. On one hand, high gold prices are beneficial for increasing the unit price and gross margin of gold jewelry; on the other hand, high gold prices may suppress some consumers' willingness to purchase, especially in an environment of increasing macro uncertainties, where the spending elasticity of non-essential consumer goods is more easily squeezed. In the same sector, Laopu Gold rose 3.08% yesterday, performing relatively well, but it is positioned in the high-end gold jewelry segment, with a different customer base and pricing strategy compared to Chow Tai Fook. Hong Kong's GDP growth in the first quarter was strong, and the unemployment rate fell to 3.7%, providing a positive tone for the consumption environment, but the market is more concerned about the quality of consumption recovery in first- and second-tier cities in mainland China. From a technical perspective, Chow Tai Fook's trading volume was approximately HKD 60 million, indicating thin liquidity. The bearish signal appeared in a low-volume environment, and while it does not represent a large-scale sell-off, the lack of willingness from bulls to take over is also clear

Technical Forecast

CHOW TAI FOOK

Agnico Eagle Mines

ZHONGJIN GOLD

SD-GOLD

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

Us Gbl GLD & Met

Roundhill Gold Miners Weeklypay ETF

SPDR Gold Shares

YieldMax Gold Miners Opt Inc Strgy ETF

MENGNIU DAIRY

LI NING

LI NING-R

Pre-market trend | CHOW TAI FOOK (1929.HK) 5/4 Jewelry leader weakens, consumer recovery encounters cooling?

J.P. Morgan analyst Qian Yao has reaffirmed a Buy rating for Laopu Gold Co. Ltd. Class H (6181) as of April 28, with a price target set at HK$1,296.00. The stock has a consensus rating of Strong Buy among analysts, with an average price target of HK$997.91. Yao is ranked #6195 out of 12163 analysts according to TipRanks.

JPLAOPU@EC2612A(29619.HK)