Xin Lang Cai Jing·2025-09-04 04:07Group 1 - Haitong International has set a target price of HKD 957.2 for Laopu Gold, maintaining an "outperform" rating [1] - The opening of new stores and optimization of store structure are expected to drive a quarter-on-quarter revenue increase in the short term [1] - In the medium to long term, the group's focus on high-end brand positioning and the expansion of domestic and international customer bases will enhance overall purchasing power and repurchase rates [1] Group 2 - Haitong International forecasts Laopu Gold's net profit attributable to shareholders to grow by 238.4%/34.4%/17.2% from 2025 to 2027, with earnings per share projected at RMB 29.6/39.8/46.7 respectively [1] - Based on a 22 times price-to-earnings ratio for 2026, the target price for Laopu Gold is set at RMB 875.6 (approximately HKD 957.2), indicating a potential upside of 31.6% [1] - The company's channel expansion and overseas breakthroughs are expected to further increase membership and solidify its high-end brand status, supporting long-term growth [1]