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<Research>Citi Expects LAOPU GOLD (06181.HK) SSS Growth Rate to Still Have Upside Room w/ Rating Buy
Recommend 5 Positive 16 Negative 9 |
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Based on Citi Research's survey of LAOPU GOLD (06181.HK)'s stores at SKP Malls, it is expected that the same-store sales growth rate during the November promotion period will exceed 200%, similar to the performance in August and 1H25, Citi Research issued a research report saying. The broker believed that this sustained growth momentum could signal favorable demand during 2026 Lunar New Year period, and saw further growth room for LAOPU GOLD's same-store sales growth rate. Citi Research also anticipated that LAOPU GOLD's sales at SKP this year will reach RMB5 billion, with sales growing 8-11% in 2026, mainly benefiting from the increase in average order value. Therefore, the broker rated LAOPU GOLD at Buy, with a target price of $1,119 based on a projected 36x PE ratio for 2025, corresponding to a forecasted 26.4x PE ratio for 2026. AASTOCKS Financial News Website: www.aastocks.com |
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