On July 3, Laopu Gold rose 5.77% in regular trading, reaching 395.0 HKD/share with turnover of 108 million HKD, extending the prior session's rebound momentum.

On the news front, multiple institutions have recently issued bullish calls in quick succession. CITIC Construction Investment maintained its \"Buy\" rating, forecasting Q2 results as likely the annual trough with sequential improvement expected in Q3. Although Q2 revenue declined approximately 10% year-over-year due to gold price pullbacks, gross margin rose to approximately 48% benefiting from price hikes and low inventory costs, with net profit still achieving positive growth. CICC also raised its target price by 22% while maintaining an \"Outperform\" rating. UBS noted that competitor volumes represent only about 4% of Laopu's sales, suggesting market concerns over competition are overblown. The stock had previously accumulated a decline exceeding 65% from its peak, and the collective institutional bullishness is catalyzing a sustained oversold rebound.

(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.)