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<Research>Citi Names LAOPU GOLD as Top Pick in CN Jewelry Sector, Foresees Triple-Digit Growth Momentum to Persist
Recommend 6 Positive 14 Negative 6 |
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Based on a survey of a top luxury mall in Nanjing, it is expected that LAOPU GOLD (06181.HK) will sustain its triple-digit growth momentum, and the recent gold price pullback will have only limited impacts on its sales, Citi wrote in its research report. Although more new players are entering the jewelry sector, the high-end gold jewelry market is expanding so fast that it limits the encroachment by new competitors on LAOPU GOLD. Viewing LAOPU GOLD as its top pick in China's jewelry sector, Citi has given the company a target price of HKD1,119 and a Buy rating. AAStocks Financial News |
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