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<Research>Nomura Adds LAOPU GOLD's TP to HKD1,023, Envisions Sales Growth Momentum to Persist into 2H25
Recommend 12 Positive 8 Negative 12 |
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According to a Nomura report, the broker believes that LAOPU GOLD (06181.HK)'s sales growth momentum will continue into 2H25. LAOPU GOLD has made steady progress in store openings. As shown by Nomura's channel checks, the company has recently opened its first overseas boutique at Singapore's Marina Bay Sands Mall, which has received high foot traffic. It has also secured more premium locations for its new boutiques, such as the Hong Kong IFC Mall and the Shanghai IFC Mall. Nomura raised its target price for LAOPU GOLD from HKD999 to HKD1,023, with a Buy rating. AAStocks Financial News |
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