Jefferies: LAOPU GOLD's Q2 Results Significantly Below Expectations, Maintains 'Buy' Rating

Stock News

Jul 28

Jefferies has released a research report stating that LAOPU GOLD (06181) second-quarter results significantly missed expectations. The firm expects the stock price to face short-term pressure but maintains a 'Buy' rating with a target price of 580 Hong Kong dollars.

The report indicates that LAOPU GOLD issued a profit alert, forecasting first-half sales between 19.8 billion and 20.45 billion yuan, representing a year-on-year increase of 60% to 66%. Adjusted net profit is expected to be between 4.31 billion and 4.36 billion yuan, an 83% to 85% year-on-year increase.

Jefferies estimates that second-quarter sales were approximately 3.1 billion yuan and net profit was around 635 million yuan, significantly below the firm's projections of 4.4 billion yuan and 990 million yuan, respectively. The underperformance is attributed to macroeconomic gold price trends and issues with resellers. The firm will review its forecasts after the company publishes its complete results.

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The firm expects the stock price to face short-term pressure but maintains a 'Buy' rating with a target price of 580 Hong Kong dollars.<br><br>The report indicates that <b>LAOPU GOLD</b> issued a profit alert, forecasting first-half sales between 19.8 billion and 20.45 billion yuan, representing a year-on-year increase of 60% to 66%. Adjusted net profit is expected to be between 4.31 billion and 4.36 billion yuan, an 83% to 85% year-on-year increase.<br><br>Jefferies estimates that second-quarter sales were approximately 3.1 billion yuan and net profit was around 635 million yuan, significantly below the firm's projections of 4.4 billion yuan and 990 million yuan, respectively. The underperformance is attributed to macroeconomic gold price trends and issues with resellers. The firm will review its forecasts after the company publishes its complete results.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jefferies: LAOPU GOLD's Q2 Results Significantly Below Expectations, Maintains 'Buy' Rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJefferies: LAOPU GOLD's Q2 Results Significantly Below Expectations, Maintains 'Buy' Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-07-28 16:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Jefferies has released a research report stating that <b>LAOPU GOLD</b> (<b>06181</b>) second-quarter results significantly missed expectations. The firm expects the stock price to face short-term pressure but maintains a 'Buy' rating with a target price of 580 Hong Kong dollars.<br><br>The report indicates that <b>LAOPU GOLD</b> issued a profit alert, forecasting first-half sales between 19.8 billion and 20.45 billion yuan, representing a year-on-year increase of 60% to 66%. Adjusted net profit is expected to be between 4.31 billion and 4.36 billion yuan, an 83% to 85% year-on-year increase.<br><br>Jefferies estimates that second-quarter sales were approximately 3.1 billion yuan and net profit was around 635 million yuan, significantly below the firm's projections of 4.4 billion yuan and 990 million yuan, respectively. The underperformance is attributed to macroeconomic gold price trends and issues with resellers. The firm will review its forecasts after the company publishes its complete results.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001051.SGD","symbol_name":"United Asia Fund SGD","start_time":0,"source_url":"","article_id":"1185069812","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185069812","pubTimestamp":1785228032,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Jefferies has released a research report stating that LAOPU GOLD (06181) second-quarter results significantly missed expectations. The firm expects the stock price to face short-term pressure but...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999001051.SGD":"United Asia Fund SGD","SGXZ90724238.SGD":"UNITED ASIA \"A\" (SGD) INC","BK1227":"服装、服饰与奢侈品","BK1544":"黄金股","06181":"老铺黄金"},"translate_title":"杰富瑞：老浦黄金第二季度业绩远低于预期，维持“买入”评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06181":1},"content_text":"Jefferies has released a research report stating that LAOPU GOLD (06181) second-quarter results significantly missed expectations. The firm expects the stock price to face short-term pressure but maintains a 'Buy' rating with a target price of 580 Hong Kong dollars.The report indicates that LAOPU GOLD issued a profit alert, forecasting first-half sales between 19.8 billion and 20.45 billion yuan, representing a year-on-year increase of 60% to 66%. 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