On August 7, LAOPU GOLD fell 3.02% in regular trading, trading at 340.2 HKD/share, with turnover of approximately 77.45 million HKD. The stock experienced profit-taking after accumulating a rebound of over 14% in the prior two trading sessions.

The decline reflects continued market divergence following the stock's 23%-plus plunge on July 28, triggered by Q2 earnings that fell approximately 80% quarter-over-quarter and significantly missed market expectations. According to estimates, Q2 revenue came in at roughly 31-35 billion RMB with net profit of approximately 6-7 billion RMB, far below analyst forecasts. Management has indicated plans to intensify marketing efforts around Qixi Festival and National Day holidays in H2 to drive a recovery, with multiple investment banks including Citi, Furey, and Morgan Stanley maintaining buy ratings with target prices in the 500-600 HKD range. However, concerns persist over the company's zero-hedging inventory strategy, with stockpiles having surged to approximately 160 billion RMB, posing significant asset impairment risk amid gold price weakness. The stock remains well below most analyst target prices, though Bank of America recently slashed its target to 350 HKD with a neutral rating.

(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.)