China's Laopu Gold Aims to Expand to 50 Stores in Domestic Markets -- Market Talk

Dow Jones
2025/07/03

0303 GMT - China's Laopu Gold aims to have about 50 stores in domestic markets in the long term, Nomura analysts write in a note, citing a conference call with the jewelry company's management team. Laopu has more than 30 stores in mainland China with a relatively higher density in Beijing, but the company only aims to open about five stores in Shanghai and doesn't have further expansion plans for the business hub. For the overseas market, Laopu plans to open a store in Japan next year, they add. The company's product innovation has been a key focus and future designs will remain rooted in Chinese aesthetics with heritage gold craftsmanship, they say. Nomura maintains its buy rating for the stock with a target price of HK$1,023.00. Shares last at HK$993.50. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

 

(END) Dow Jones Newswires

July 02, 2025 23:03 ET (03:03 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10