Laopu Gold's Premium Brand Position Looks Validated -- Market Talk

Dow Jones

2025/08/21

0245 GMT - Laopu Gold's premium brand position appears validated, say Citi analysts in a note. The Chinese jewelry company cited Frost & Sullivan research that showed a 74%-81% overlap between Laopu's customers and those of five leading international luxury brands, which came as a positive surprise to the analysts. Strong 1H sales resulted in better-than-expected operating leverage, which offset weaker-than-expected gross profit margin, they add. A turnaround in Laopu's free cash flow will likely occur only in 2026, given an expected payback period of two years for new stores and initial inventories, Citi says. It reiterates its buy rating and target price of HK$1,084. Shares fall 0.3% to HK$779.50. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

August 20, 2025 22:45 ET (02:45 GMT)

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The Chinese jewelry company cited Frost &amp; Sullivan research that showed a 74%-81% overlap between Laopu's customers and those of five leading international luxury brands, which came as a positive surprise to the analysts. Strong 1H sales resulted in better-than-expected operating leverage, which offset weaker-than-expected gross profit margin, they add. A turnaround in Laopu's free cash flow will likely occur only in 2026, given an expected payback period of two years for new stores and initial inventories, Citi says. It reiterates its buy rating and target price of HK$1,084. Shares fall 0.3% to HK$779.50. 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The Chinese jewelry company cited Frost &amp; Sullivan research that showed a 74%-81% overlap between Laopu's customers and those of five leading international luxury brands, which came as a positive surprise to the analysts. Strong 1H sales resulted in better-than-expected operating leverage, which offset weaker-than-expected gross profit margin, they add. A turnaround in Laopu's free cash flow will likely occur only in 2026, given an expected payback period of two years for new stores and initial inventories, Citi says. It reiterates its buy rating and target price of HK$1,084. Shares fall 0.3% to HK$779.50. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 20, 2025 22:45 ET (02:45 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ90724238.SGD","symbol_name":"UNITED ASIA \"A\" (SGD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2561043449","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2561043449","pubTimestamp":1755744300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0245 GMT - Laopu Gold's premium brand position appears validated, say Citi analysts in a note. The Chinese jewelry company cited Frost & Sullivan research that showed a 74%-81% overlap between Laopu's customers and those of five leading international luxury brands, which came as a positive surprise to the analysts. Strong 1H sales resulted in better-than-expected operating leverage, which offset weaker-than-expected gross profit margin, they add. A turnaround in Laopu's free cash flow will likely occur only in 2026, given an expected payback period of two years for new stores and initial inventories, Citi says. It reiterates its buy rating and target price of HK$1,084. Shares fall 0.3% to HK$779.50. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ90724238.SGD":"UNITED ASIA \"A\" (SGD) INC","BK1227":"服装、服饰与奢侈品","BK1544":"黄金股","SG9999001051.SGD":"United Asia Fund SGD","06181":"老铺黄金"},"translate_title":"老铺黄金的高端品牌地位得到验证——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06181":0.9,"1OZmain":1},"content_text":"0245 GMT - Laopu Gold's premium brand position appears validated, say Citi analysts in a note. The Chinese jewelry company cited Frost & Sullivan research that showed a 74%-81% overlap between Laopu's customers and those of five leading international luxury brands, which came as a positive surprise to the analysts. Strong 1H sales resulted in better-than-expected operating leverage, which offset weaker-than-expected gross profit margin, they add. A turnaround in Laopu's free cash flow will likely occur only in 2026, given an expected payback period of two years for new stores and initial inventories, Citi says. It reiterates its buy rating and target price of HK$1,084. Shares fall 0.3% to HK$779.50. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 20, 2025 22:45 ET (02:45 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}