Hong Kong Stock Movement | LAOPU GOLD (06181) Rises Nearly 7% Against Market Trend as Company Opens Third Store in Hong Kong, Continues Brand Internationalization Process

Stock News

10/08

LAOPU GOLD (06181) rose nearly 7% against the market trend. As of press time, the stock was up 6.2%, trading at HK$719, with a trading volume of HK$552 million.

On the news front, LAOPU GOLD recently opened its third store in Hong Kong at the International Finance Centre. The company is leveraging Hong Kong's international status to continue advancing its brand internationalization process.

Additionally, with rising international gold prices, domestic gold jewelry brands have seen their per-gram prices reach new highs. It is reported that LAOPU GOLD conducted product price adjustments on August 25.

Market analysis previously indicated that the company's slower price increases compared to gold price rises in the first half of the year dragged down gross margins, with overall gross margins expected to improve in the second half.

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