Core Viewpoint - Citigroup has issued a report on Lao Pu Gold, maintaining a "Buy" rating with a target price of HKD 1,119, citing a recovery in demand and improved gross margins as key factors for a positive outlook in 2023 [1] Group 1: Demand and Pricing - The bank observed a recovery in consumer demand during the New Year holiday, indicating that consumers have absorbed product price increases [1] - The overall industry has adjusted prices, and the rebound in gold prices since December supports this trend [1] Group 2: Financial Projections - Citigroup expects Lao Pu's gross margin to recover to over 40% since late November last year, with further price increases anticipated after the Spring Festival [1] - Revenue projections for Lao Pu are expected to rise by 224% and 36% in 2025 and 2026, reaching HKD 27.6 billion and HKD 37.5 billion, respectively [1] - Net profit is projected to increase by 224% and 47% for the same years, reaching HKD 4.8 billion and HKD 7 billion, respectively [1]
大行评级｜花旗：对老铺黄金展开30日正面催化剂观察 目标价1119港元
Ge Long Hui·2026-01-09 04:41