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<Research>Citi Likes LAOPU GOLD (06181.HK) Growth Prospects w/ TP $1,084, Launches 30-day Upside Catalyst Watch
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Citi Research issued a research report saying that it recently examined the sales performance of LAOPU GOLD (06181.HK)'s Tmall store and Beijing SKP stores. The broker estimated that these two channels will contribute approx. 40% of LAOPU GOLD's revenue, and believed that they are the best-performing channels on higher promotional efforts compared to others. After last week's stock price adjustment, the stock is currently trading at projected 2025/ 2026 PE ratios of 30x/ 22x each. Therefore, Citi Research kept rating at Buy, and launched a 30-day upside catalyst watch. Based on a forecasted 2025 PE ratio of 36x, corresponding to a 0.34x PEG, the broker also set its target price at $1,084. Given its rapid growth prospects, benefiting from strong product competitiveness and rising gold prices, LAOPU GOLD should enjoy a higher valuation premium compared to global luxury peers, Citi Research added. AASTOCKS Financial News Website: www.aastocks.com |
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