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<Research>G Sachs Cuts TP of LAOPU GOLD (06181.HK) to HKD1,108, Lifts Earnings Forecast
Recommend 3 Positive 4 Negative 0 |
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During the post-results briefing of LAOPU GOLD (06181.HK), the management voiced confidence in the company's growth resilience under different gold price scenarios and projected the NPM to reach 20% by 2026, above the previous forecast of 18.6%, Goldman Sachs said in a report. Goldman Sachs raised the earnings forecast for LAOPU GOLD for 2026 and 2027 by 19%, reflecting a stronger sales growth outlook and faster-than-expected margin expansion, with revenue and net profit projected to grow by 59% and 80% YoY, respectively. The target price was reduced from HKD1,168 to HKD1,108, with Buy rating maintained. AASTOCKS Financial News Website: www.aastocks.com |
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