JPLAOPU@EC2605A

BOA Securities Cuts Old Gold's Earnings Forecast, Targets Price at HKD 860

JPMorgan Raises Profit Forecast for LaoPu Gold and Maintains Overweight Rating

JPMorgan Raises Earnings Forecast and Maintains Target Price for Lao Pu Gold

Citi Maintains 'Buy' Rating on Laopu Gold with Target Price of HKD 1119

China Merchants Securities International Expects Old Gold's 2026 Revenue Growth to Significantly Slow Down

Old Shop Gold Store Sales Forecasted to Double Year-over-Year

Citi Upgrades Sales and Profit Projections for Laopu Gold

Daiwa Raises Target Price and Earnings Forecast for Old Pawn Gold

Ping An Securities Predicts Rapid Revenue and Profit Growth for Lao Pu Gold in Next Three Years

CICC Maintains Buy Rating on Laopu Gold's H-Share

Rise of Lao Pu Gold Draws Attention and Concern from Luxury Groups

Guosen Analyst Maintains Strong Buy Rating and Sets Target Price for Lao Pu Gold H Shares

LaoPu Gold Attends UBS Conference Discussing Sales and Future Development

Jefferies analysts lower Old Gold's net profit forecast

Citibank Raises Target Price for Lao Pu Gold to HKD 1,119

Goldman Sachs Sees Positive Growth Prospects for Laopu Gold, Issues Buy Rating

Citibank Reiterates Buy Rating on Old Gold Store

GF Securities Maintains Buy Rating and Sets Target Price for Lao Pu Gold's H Shares

Old Gold Shop Creates Queueing Phenomenon in High-End Malls

TENCENT

INVESCO QQQ

BABA-W

HSBC HOLDINGS

ICBC

CATL

PETROCHINA

CHINA MOBILE

06181

518880

JP Morgan released a report reiterating the bullish trade on Chinese consumption during the Lunar New Year period, expecting the Chinese yuan to appreciate by 1.1% against the US dollar by 2026. The report listed a recommended list of Chinese consumption concept stocks ahead of the Lunar New Year, including Tencent, LAOPU GOLD, MGM CHINA, TAL Education, TRIP.COM, HAI TIAN, Moutai, MENGNIU DAIRY, and WLY, all rated as overweight with varying target prices

AASTOCKS

Tencent

MENGNIU DAIRY

iShares China Large Cap

MGM CHINA

iShares MSCI China

HAI TIAN

TRIP.COM-S

Moutai

LAOPU GOLD

Krne Csi China Internet

Yinhua MSCI China A ETF

Tencent Holdings Limited

Huaan Yifu Gold ETF

China Merchants CSI Liquor Index Fund-A

Direxion FTSE China Bull 3X

JP Morgan lists recommended Chinese consumer concept stocks for the Lunar New Year (Table)

09992

02097

01364

06993

09985

Hong Kong's new consumer sector experienced a notable upswing as several stocks showed significant gains. According to Jin10, Pop Mart International Groupled the charge with an increase of over 4%. Other companies such as Gu Ming, Lao Pu Gold, Blue Orca, Weilong, and Mixue Groupalso followed suit with upward trends in their stock prices.

CoinLive

POP MART

MIXUE GROUP

GUMING

BLUE MOON GROUP

WL DELICIOUS

Hong Kong's New Consumer Sector Gains Momentum

01880

02423

00688

00358

02020

01928

09660

01347

00027

CTG DUTY-FREE(01880) rose 7.98%, with a trading turnover 414.8 Million HKD, and a year-to-date rose 22.8%. BEKE-W(02423) rose 7.56%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 25.2%. SANDS CHINA LTD(01928) fell 7.96%, with a trading turnover 1.1 Billion HKD, and a year-to-date fell 11.5%. HORIZONROBOT-W(09660) fell 5.94%, with a trading turnover 2.1 Billion HKD, and a year-to-date fell 3.1%.

Top Gainers & Losers

CTG DUTY-FREE

BEKE-W

CHINA OVERSEAS

JIANGXI COPPER

ANTA SPORTS

SANDS CHINA LTD

HORIZONROBOT-W

HUA HONG SEMI

GALAXY ENT

Top 5 HK Stock Gainers/Losers (>100B) (1.29)

00100

02259

02513

02628

09626

03692

01171

09927

MINIMAX-WP(00100) rose 26.48%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 195.9%. ZIJIN GOLD INTL(02259) rose 11.59%, with a trading turnover 3.1 Billion HKD, and a year-to-date rose 59.6%. HANSOH PHARMA(03692) fell 4.37%, with a trading turnover 420.6 Million HKD, and a year-to-date rose 6.7%. LAOPU GOLD(06181) fell 3.24%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 33%.

- The Hang Seng Index rose by 1.35%, with a year-to-date increase of 5.8%, while the Hang Seng Tech Index increased by 0.5%, totaling a 4.3% rise this year.  
- MINIMAX-WP (00100) surged by 26.48% with a turnover of HK$ 1.61 billion, marking a significant annual increase of 195.9%.  
- In contrast, Hansoh Pharmaceutical (03692) fell by 4.37% with a turnover of HK$ 420 million, showing a modest year-to-date increase of 6.7%.

MINIMAX-WP

ZIJIN GOLD INTL

KNOWLEDGE ATLAS

CHINA LIFE

BILIBILI-W

HANSOH PHARMA

YANKUANG ENERGY

SERES

Top 5 HK Stock Gainers/Losers (>100B) (1.27)

In a report released yesterday, from Guotai Haitong maintained a Buy rating on Laopu Gold Co. Ltd. Class H, with a price target of HK$948.40. The company’s shares closed today at HK$849.50.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Laopu Gold Co. Ltd. Class H has an analyst consensus of Strong Buy, with a price target consensus of HK$1,017.86.

Tip Ranks

Laopu Gold Co. Ltd. Class H (6181) Receives a Buy from Guotai Haitong

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300139

600547

000603

601899

518850

001337

000506

517520

The precious metals concept continues to explode, with ZJIG hitting the limit up 3 times in 6 days, SC GOLD hitting the limit up 4 times in 8 days, and companies like Xingye Silver Tin, Hunan Gold, SDR, Hunan Silver, and Yuguang Gold Lead also reaching the limit up. XC-TECH surged over 15% to reach a new high, while Shanjin International followed suit. The Hong Kong stock market's semiconductor concept declined, with Tianzu Zhixin dropping over 5%, InnoCare falling over 4%, and SMIC and Zhaoyi Innovation both down over 3%, while Shanghai Fudan and Huahong Semiconductor fell over 2%

- Heightened geopolitical tensions and increasing risks have led to significant capital outflows from traditional dollar and US Treasury assets, driving investors towards gold and silver.  
- As gold exceeded $5,100 and silver reached $108, A-share and Hong Kong gold stocks surged, while oil prices also rose due to increased demand forecasts by the IEA.  
- The A-share market experienced mixed performances on January 26, with the Shanghai Composite index down slightly and commodity markets seeing widespread increases, particularly in metals and precious metals.

Wallstreetcn

Hunan Gold

XC-TECH

SD-GOLD

Zijin Mining

ChinaAMC Gold ETF

SC GOLD

ZJIG

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

The Shanghai Composite Index fluctuated and rose, the gold and silver sectors soared, the commercial aerospace sector collectively adjusted, the Hang Seng Index fell over 1%, LAOPU GOLD surged 10%, and Shanghai Silver skyrocketed 13%

On January 26th, Hong Kong stocks closed with mixed results across the three major indices. The Hang Seng Index saw a slight increase, while the Hang Seng Tech Index declined, indicating a divergence in market performance. The gold sector experienced significant capital inflow, driving stocks like ZIJIN MINING to rise sharply. The internet and retail sectors were sluggish, with Alibaba and Meituan showing weak performance. Stocks like FANGZHOU JIANKE and Longbridge saw notable gains, creating localized market hotspots. Overall, defensive and theme-driven sectors attracted capital. Macro attention is focused on liquidity and external trade, with structural investment opportunities still available

- On January 26, Hong Kong stocks showed a mixed performance with the Hang Seng Index slightly up by 0.06% at 26,765.52 points, while the Hang Seng Tech Index fell by 1.24%.  
- Notable market movements included a significant rise in the gold sector, with Zijin Mining and Shandong Gold gaining 4.36% and 4.51% respectively, reflecting a strong investor preference for safe-haven assets amid improving economic conditions.  
- Overall, the market is witnessing structural opportunities driven by factors such as moderate inflation and recovering manufacturing activity, with investor focus on liquidity and external trade performance.

Market Heartbeat

FANGZHOU JIANKE

ZIJIN MINING

MEITUAN

PING AN

KUAISHOU-W

CHINAGOLDINTL

SD GOLD

MEGAIN

YOFC

CHI SILVER GP

RUIHE DATA

XIAOMI-W

CNOOC

Hong Kong stock market close | Hang Seng Index slightly up, technology sector under pressure, gold strengthens, ZIJIN MINING rises 4.36%, FANGZHOU JIANKE surges 33.22%

As of midday, the three major indices of the Hong Kong stock market showed mixed trends. The Hang Seng Index rose slightly by 0.42%, the Hang Seng TECH Index weakened and fell by 1.25%, while the China Enterprises Index edged up, with the overall market primarily experiencing fluctuations. The focus of the market is on capital rotation and structural opportunities, with technology and cyclical stocks performing prominently. MEGAIN rose by 93.33% during the session, and FANGZHOU JIANKE increased by 39.22%, as market funds primarily targeted news-driven stocks. On the macro level, economic data and liquidity continue to dominate market sentiment

- The Hong Kong stock market exhibited divergent movements among its three indices, with the Hang Seng Index rising 0.42% to 26,860.58 points.  
- The technology sector faced pressure, evidenced by a 1.25% drop in the Hang Seng Technology Index, while gold and non-ferrous metal stocks performed strongly, benefiting from recent positive announcements.  
- Recent economic data has significantly influenced market volatility, affecting investment sentiment across consumption, exports, and liquidity, with a notable shift and rotation in market styles expected shortly.

CMOC

BYD ELECTRONIC

SKYMISSION GP

INNOSCIENCE

Hang Seng TECH Index

Hang Seng Index

Hang Seng China Enterprises Index

Hong Kong stocks intraday | The Hang Seng Index slightly rises, the technology index under pressure, gold leads a surge in the non-ferrous metal sector

Gold and silver prices hit new highs, with New York futures gold surpassing $5,000, currently reported at $5,074.6. LAOPU GOLD opened up 5.33% today, having previously risen 14% to reach a six-month high, currently reported at 850.5 yuan, up 7.93%. UBS expects sales during the Spring Festival to exceed expectations. CHOW TAI FOOK, LUK FOOK HOLD, and other gold mining stocks also rose along with gold prices

SPDR Gold Shares

SPDR GOLD TRT-R

CHOW TAI FOOK

Abrdn Gold ETF Trust

VanEck Junior Gold Miners ETF

Us Gbl GLD & Met

Agnico Eagle Mines

iShares MSCI Global Gold Miners

SPDR Gold Minishares

LUK FOOK HOLD

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

VanEck Gold Miners ETF

SPDR GOLD TRT

SPDR GOLD TRT-U

iShares Gold Trust

Kinross Gold

Pro Ultr GLD

ZHONGJIN GOLD

Abrdn Precious Metals Basket ETF Trust

GLOBAL X Gold Explorers

Gold and silver prices hit new highs again, jewelry gold and gold mining stocks perform well, Laopu Gold rose 14%, reaching a six-month high

03423

03067

03033

03032

00HSI

STECH

03088

The Hang Seng Index opened up 0.35%, and the Hang Seng TECH Index rose 0.05%

CMS HS TECH

ISHARESHSTECH

CSOP HS TECH

HSTECH ETF

CAM HS TECH

Today’s Key News Recap

0109 | Dolphin Research Focus. 🐬 Macro/Industry 1) HKEX announced it will add six stock options effective Jan 19, covering names such as Zijin Gold Intl, Laopu Gold, and Horizon Robotics.The additions broaden derivatives choices and offer more risk management tools. They should also help lift liquidity in the underlying names.🐬 Single Stock 1) $Taiwan Semiconductor(TSM.US) TSMC reported Dec revenue of NT$335.03bn, down 2.5% MoM but up 20.4% YoY. 2025 YTD revenue rose 31.6% YoY...

HKEX

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

Apple

Taiwan Semiconductor

Alphabet

Alphabet - C

JD-SW

JD-SWR

JD HK SDR 10to1

JD.com

Laopu Gld HK SDR 50to1

TSM Q4 rev. seen >NT$1 tn; GOOGL integrates Gemini into Gmail | Daily News Recap

JPLAOPU@EC2605A(22108.HK)

JP Morgan lists recommended Chinese consumer concept stocks for the Lunar New Year (Table)

Hong Kong's New Consumer Sector Gains Momentum

Top 5 HK Stock Gainers/Losers (>100B) (1.29)

Top 5 HK Stock Gainers/Losers (>100B) (1.27)

Laopu Gold Co. Ltd. Class H (6181) Receives a Buy from Guotai Haitong