On August 17, LAOPU GOLD rose 3.72% in regular trading, trading at 347.8 HKD/share, with turnover of 21.20 million HKD.

On the news front, international gold prices staged a strong rebound, with COMEX gold futures climbing back above $4,400/oz, posting the best weekly gain of the year, providing support for the gold jewelry sector. Additionally, the company will convene a board meeting on August 25 to review its interim results and dividend plan, followed by an earnings briefing on August 26.

Morgan Stanley noted that with gold prices stabilizing in the third quarter, initial signs of improvement have emerged, with queues returning at select LAOPU GOLD stores in early August. Management previously indicated that with new product launches and the upcoming peak seasons in the second half, revenue and net profit are expected to see notable growth. Bank of America Securities projects that lower gold prices should push gross margins above 40%, partially offsetting revenue softness experienced in Q2.

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