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<Research>JPM Names LAOPU GOLD as Industry Top Pick w/ Rating Overweight; Still Upbeat About This Yr's Performance
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JPMorgan has released a research report explaining the reasons behind it holding a view more optimistic than the market's on LAOPU GOLD (06181.HK)'s Chinese New Year consumption performance, namely enhanced brand equity, new product launches, attraction of new customers, repeat purchases by existing customers, and favorable gold price trends. The report also highlighted LAOPU GOLD's stable performance, which should alleviate investor concerns about recent high base effects and consumer behavior amid gold price fluctuations. JPMorgan has given LAOPU GOLD a target price of HKD1,296 and an Overweight rating. Potential short-term catalysts include retail sales performance during January and February's Chinese New Year period, imminent product price increases, and overseas expansion. LAOPU GOLD is JPMorgan's top pick in the China consumer sector. AAStocks Financial News |
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