On June 16, Lao Pu Gold fell 3.53% in regular trading, trading at 468.8 HKD/share, with turnover of 84.03 million HKD, extending its recent downward trend.

On the news front, international gold prices continued their deep correction, with spot gold retreating over 27% from its yearly high, erasing all gains accumulated since the beginning of the year, putting broad pressure on the gold jewelry sector. Citi previously slashed Lao Pu Gold's target price from 1,162 HKD to 700 HKD, a cut of nearly 40%, citing that the company's premium over traditional gold jewelers has exceeded 55% following its February price hike. The bank noted that Tmall 618 promotional performance was weaker than expected, and that the high premium has led to price-sensitive customer attrition, with nationwide store sales in March and April declining approximately 30% year-over-year. Short-term market sentiment remains cautious.

(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.)