On June 15, Lao Pu Gold rose 3.83% in regular trading, trading at 488.4 HKD/share, with turnover of approximately 130 million HKD, extending its recent rebound trajectory.

On the news front, the company recently announced a comprehensive renovation and upgrade of its Shanghai stores, continuing its push into high-end commercial districts. Previously disclosed annual results showed Q1 sales of 19-20 billion yuan and net profit of 3.6-3.8 billion yuan, with single-quarter profit approaching nearly 80% of the prior full-year figure. Additionally, controlling shareholder Xu Dongbo increased his stake by approximately 166 million HKD on May 20 using personal funds, signaling confidence. Goldman Sachs maintains a 12-month target price of 1,108 HKD.

The stock had previously fallen over 57% from its peak amid deep gold price corrections and Citi sharply cutting its target price from 1,162 HKD to 700 HKD. Current trading suggests the stock is in a post-oversold recovery phase, supported by stabilizing gold prices and renewed retail demand driving sector-wide buying.

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