On June 25, Lao Pu Gold fell 4.05% in regular trading, trading at 378.0 HKD/share, with turnover of HKD 104 million, extending its recent downward trend.

On the news front, international gold prices continue their deep correction, with spot gold retreating over 25% from its yearly high, pressuring the gold jewelry sector broadly. Citi recently cut Lao Pu Gold's target price further from 700 HKD to 659 HKD, reducing earnings forecasts by 6-7%. The bank noted the company's premium over traditional gold jewelers exceeds 55%, causing price-sensitive customer attrition. March-April nationwide store sales declined approximately 30% year-over-year. Additionally, gold jewelry prices per gram have fallen below 1,300 yuan across the board, down nearly 400 yuan from early-year highs, while industry terminal consumption plunged 37.1% year-over-year. Despite Nomura reiterating a buy rating with a 1,114 HKD target, bearish sentiment continues to dominate in the near term.

(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.)