Core Viewpoint - The stock of Lao Pu Gold (06181) has seen a significant increase, with a rise of over 6% in early trading, currently up by 5.28% at 708 HKD, with a trading volume of 324 million HKD. Citigroup's report indicates a strong sales growth forecast for the company during the November promotional period, suggesting positive demand trends for the upcoming Lunar New Year [1]. Group 1 - Citigroup's investigation at the SKP shopping center suggests that Lao Pu Gold's same-store sales growth rate is expected to exceed 200% during the November promotional period, similar to performance in August and the first half of the year [1]. - The report indicates that there is further growth potential for the same-store sales growth rate of Lao Pu Gold [1]. - Citigroup projects that Lao Pu Gold's sales at SKP will reach 5 billion HKD by 2025, with an additional 8% increase expected in 2026, primarily driven by an increase in average transaction value [1]. Group 2 - Citigroup has assigned a "Buy" rating to Lao Pu Gold, setting a target price of 1,119 HKD based on a projected price-to-earnings ratio of 36 times for 2025, corresponding to a 26.4 times price-to-earnings ratio for 2026 [1]. - Despite the significant cumulative increase in the stock price since its listing in June 2024, Citigroup believes that strong fundamentals will support further upward valuation [1].
港股异动 老铺黄金(06181)早盘涨超6% 花旗预计老铺黄金11月同店销售增长率200%