On July 8, Laopu Gold rose 3.11% in regular trading, trading at 403.0 HKD/share, with turnover of 2.18 billion HKD, extending the rebound momentum from the previous session.

On the news front, UBS recently cut Laopu Gold's target price from 930 HKD to 650 HKD but maintained its \"Buy\" rating, explicitly stating the stock is oversold. The bank expects the company's H1 revenue and net profit to grow 93% and 118% year-over-year respectively, noting that brand strength and new store contributions can offset gold price correction pressures. Potential catalysts include better-than-expected H1 results, VIC-related initiatives, and overseas store openings in H2.

Additionally, the company recently completed an expansion upgrade of its Shanghai Xintiandi store to nearly 260 square meters with a dedicated tea room, kicking off a full upgrade of all five Shanghai stores this year, including a 350-square-meter flagship at Plaza 66. The accelerated channel expansion pace provides further support for valuation recovery.

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