On August 6, LAOPU GOLD rose 8.58% in regular trading, trading at 370.2 HKD/share, with turnover of HKD 177 million. The stock extended the previous session's 6%+ rebound momentum.

On the news front, multiple investment banks including Citi, Furey, Morgan Stanley, and Guotai Haitong maintain buy or overweight ratings with target prices generally in the HKD 500-600 range, significantly above the current share price. Meanwhile, management indicated the company is intensifying marketing efforts targeting peak seasons including Qixi Festival and National Day in Q3, with revenue and net profit expected to show notable growth in H2.

The stock had previously plunged over 23% on July 28 after Q2 earnings severely missed expectations, with quarterly revenue and profit declining approximately 80% sequentially. While Bank of America Securities cut its target price from HKD 774 to HKD 350 maintaining a neutral rating, the majority of sell-side coverage remains constructive, providing oversold recovery momentum as the current price trades well below consensus targets.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)