On July 22, Laopu Gold rose 4.38% in regular trading, trading at 390.8 HKD/share, with turnover of 75.69 million HKD.

On the news front, multiple major investment banks have reiterated their bullish stance on the stock following a prolonged selloff. Nomura recently lowered its target price from 1,114 HKD to 905 HKD while maintaining a \"buy\" rating, noting that gold price declines have weighed on sales but management has introduced countermeasures. UBS, Goldman Sachs, Citi, and Morgan Stanley all maintain \"buy\" ratings with target prices ranging from 590 to 905 HKD, implying significant upside from current levels.

UBS noted the stock has been oversold, highlighting potential catalysts including first-half earnings exceeding expectations and overseas store openings. The firm projects first-half revenue and net profit growth of 93% and 118% year-over-year, respectively. The stock had previously approached its 52-week low of 342.8 HKD amid gold price weakness and a 63% year-over-year decline in Tmall flagship store sales during Q2.

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