On July 21, Laopu Gold rose 3.61% in regular trading, trading at HK$377.0/share, with turnover of HK$185 million.

On the news front, multiple major investment banks have reaffirmed their bullish stance on the stock following consecutive sessions of overselling. Nomura lowered its target price from HK$1,114 to HK$905 while maintaining a Buy rating, citing gold price declines dragging on sales. UBS, Goldman Sachs, Citibank, and Morgan Stanley also maintain Buy ratings, with target prices ranging from HK$590 to HK$905, implying significant upside from current levels.

UBS noted the stock has been oversold, identifying potential catalysts including better-than-expected first-half results and overseas store openings in the second half. The bank projects first-half revenue and net profit to grow 93% and 118% year-over-year, respectively. Goldman Sachs previously tracked data showing the company's Tmall flagship store sales fell 63% YoY in Q2, though offline sales are expected to perform better. The stock had declined over 60% from its highs, with shares recently approaching their 52-week low of HK$342.8.

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