On June 9, Lao Pu Gold fell 4.19% in regular trading, trading at 455.4 HKD/share, with trading volume of approximately 29.98 million HKD, extending its recent downward trajectory.

On the news front, international gold prices have undergone a deep correction, with spot gold retreating over 1,300 USD from its annual high as the US May non-farm payrolls data significantly exceeded expectations, sharply elevating rate hike expectations. Citi cut its 3-month gold target from 4,300 to 4,000 USD/oz, citing persistent Strait of Hormuz tensions and elevated energy prices. Meanwhile, Citi had earlier slashed Lao Pu Gold's target price from 1,162 HKD to 700 HKD — a nearly 40% reduction — and lowered FY2027-2028 revenue forecasts by 29-30% and net profit estimates by 27-28%. The bank noted that following a February price hike, Lao Pu Gold's premium over traditional jewelers exceeded 55%, leading to price-sensitive customer attrition. Market data showed nationwide same-store sales declining approximately 30% year-over-year in March and April, with the broader gold jewelry sector facing indiscriminate selling pressure.

(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.)