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<Research>Citi: LAOPU GOLD (06181.HK)’s Mgmt Confident in Sales Outlook; Rating Reiterated at Buy
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The management of LAOPU GOLD (06181.HK) demonstrated strong confidence in both short- and long-term sales prospects, Citi Research published a research report saying. Despite the recent pullback in gold prices, the near-term sales outlook remains positive given encouraging customer behavior observed. In the long run, there is ample room for expansion across its customer base from entry level to ultra high net worth clients, indicating further upside potential for sales. Therefore, the broker reiterated rating at Buy on LAOPU GOLD, and listed the stock as its top pick in China’s jewelry sector, with a target price of $1,162. Auto-translated by AI AASTOCKS Financial News |
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