On August 18, LAOPU GOLD fell 3.02% in regular trading, trading at 339.2 HKD/share, with turnover of HKD 138 million.

On the news front, the company is scheduled to disclose its interim results on August 25, with institutional views largely adopting a wait-and-see stance and limited revenue forecast visibility. Based on Q1 data extrapolation, Q2 net profit is estimated to have plunged over 80% quarter-over-quarter. Morgan Stanley recently cut its target price from 590 HKD to 505 HKD while maintaining an Overweight rating, citing weaker-than-expected Q2 performance amid a declining gold price environment. The bank estimates Q2 revenue fell over 30% year-over-year. Bank of America also slashed its target price from 774 HKD to 350 HKD, projecting Q2 revenue down 23% year-over-year and net profit declining 83% sequentially.

Although gold prices have rebounded above USD 4,400/oz and select stores showed renewed queuing in early August, market anxiety over the severe Q2 sequential deterioration continues to weigh on share price performance ahead of the upcoming results announcement.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)