Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Initiates Coverage on LAOPU GOLD with Buy Rating, $973.7 TP
Recommend 12 Positive 20 Negative 13 |
||||
|
||||
|
HSBC Global Research initiated coverage on LAOPU GOLD (06181.HK) with a Buy rating, and a target price at HKD973.7, which implied a 2026E PE of 26.2x, in par with Western luxury stocks. LAOPU GOLD has the potential to become China's first domestic high-end brand comparable to Western brands like Tiffany and Richemont, in the broker's view. The company's sales were expected to grow eightfold between 2023 and 2025, with 77% of its customers overlapping with Western luxury brands. Since its IPO in June 2024, LAOPU GOLD's stock price has proliferated by nearly 800%. The company has emerged as a Chinese luxury brand capable of vying with Western high-end jewelry brands. The broker forecast the company's net profit to spike by 218% YoY in 2025, with revenue soaring by 199% YoY. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
