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<Research>M Stanley: LAOPU GOLD (06181.HK) Undeterred by Release of Restricted Shrs w/ Robust Shr Price Performance; Rating Equalweight
Recommend 5 Positive 8 Negative 6 |
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LAOPU GOLD (06181.HK) peaked at a record high of $1,035 today (30th), and spiked 14.9% to close at $1,008. LAOPU GOLD's share price is underpinned by successful new store openings, despite the release of restricted shares, Morgan Stanley released a research report saying. Morgan Stanley set its target price for LAOPU GOLD at $865, based on a projected 2025 PE ratio of 33x, which corresponds to a PEG ratio of 1.4x, in line with the average of China's consumption sector as a whole, with rating at Equalweight. This round of share price rally in LAOPU GOLD was driven by strong demand momentum, the successful opening of new stores in Singapore and Shanghai and a solid new store opening plan for 2H25, according to the broker. AAStocks Financial News Website: www.aastocks.com |
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