Laopu Gold's Valuation Has Become More Attractive -- Market Talk
Dow Jones
Jul 28, 2025
0358 GMT - Laopu Gold's valuation has become more attractive in the past three weeks, Nomura analysts write in a note. The company has taken a few meaningful steps to become a renowned luxury brand, they say. It has opened new boutiques in top commercial areas in Asian cities including Shanghai, Shenzhen, Hong Kong and Singapore, Nomura adds. It has also nurtured new formats of products to expand its target audiences, and is gradually building its very-important-clients segment, they say. Nomura maintains its buy rating for the stock and raises its target price to HK$1,148 from HK$1,023. Shares are last at HK$734.00.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
July 27, 2025 23:58 ET (03:58 GMT)
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