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<Research>M Stanley Lifts LAOPU GOLD's TP to HKD1,055, Rating Equalweight
Recommend 9 Positive 14 Negative 13 |
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Morgan Stanley has released a research report estimating LAOPU GOLD (06181.HK)'s growth to accelerate in 2H25 compared to 1H due to a surge in gold prices and strong demand in 2H. It is expected that LAOPU GOLD's 1H revenue will leap by 2.5 times and its earnings will spike by more than threefold to RMB2.4 billion. It is also likely that the company will issue a positive profit alert this month. The opening of new stores and escalating gold prices will continue to shore up the company's stock price. Morgan Stanley lifted its target price for LAOPU GOLD from HKD865 to HKD1,055, with an Equalweight rating remaining in place. AAStocks Financial News |
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