0435 GMT - Laopu Gold's 2H gross profit margin is likely to stabilize at 38% and expand to 39% in 2026, says Citi analysts in a note. The Chinese jewelry maker increased its product prices by around 25% on average this month, higher than Citi analysts expected. The significant price hike before its November peak sales season suggests it has already achieved "satisfying sales," they say. If gold prices continue to hold up, the analysts expect Laopu Gold's customers to adapt to the new prices and sustain demand during the Lunar New Year period. Citi maintains its buy rating and HK$1,119.00 target on the stock, which ticks 0.1% higher to HK$694.50. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

October 27, 2025 00:35 ET (04:35 GMT)

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