Core Viewpoint - Laopu Gold (06181.HK) experienced a significant drop of over 6% in its stock price, attributed to a recent announcement regarding a price adjustment scheduled for October 26, marking the third price change this year [1][3]. Group 1: Price Adjustments - Laopu Gold announced a price adjustment on October 26, which follows two previous adjustments in February and August, with increases of 5%-12% and 10%-12% respectively [3]. - The details of the upcoming price adjustment have not been disclosed, with the company stating that actual prices will be determined based on online and offline listings [3]. - Dongwu Securities noted that the price adjustment could mitigate the impact of recent gold price surges on profit margins and stimulate short-term sales [3]. Group 2: Store Expansion - Laopu Gold has been accelerating its store openings, with new locations launched weekly since September, including in major cities like Nanjing, Beijing, Xi'an, and Hong Kong [3]. - As of October 18, Laopu Gold operates a total of 46 stores [3]. Group 3: Market Reaction - The stock price decline of Laopu Gold is seen as a correction following a substantial year-to-date increase of 231.81% [3]. - The recent drop in spot gold prices, which fell by 1.73% on October 17 and dipped below $4260.00 per ounce on October 20, has also contributed to the market's reaction [3][4]. - Other companies in the precious metals sector, such as Zhumeng Gold and Chifeng Gold, also experienced significant stock declines on the same day [4].
老铺黄金今日盘中跌超6%！刚宣布年内第三次调价