On September 28, LAOPU GOLD fell 3.12% in regular trading, trading at 330.4 HKD/share, with turnover of approximately 62.84 million HKD.

On the news front, international gold prices have continued to retreat since September, with spot gold declining over 2% in the past week. Domestic mainstream brand pure gold retail prices have fallen to approximately 1,290 yuan/gram, down more than 100 yuan from recent highs, putting broad pressure on gold-related equities.

At the company level, Citi recently noted that LAOPU GOLD increased its mall promotional discounts in Q3 from approximately 10% to 15%-20%, which is expected to drag gross margin down from 47% in Q2 to approximately 41.8%. The bank projects H2 revenue to decline 15% to 39% year-over-year, with net margin narrowing to 16.8%-19.2%, citing low near-term earnings visibility as a continued overhang on the stock. Citi maintains a target price of 507 HKD with a Buy rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)