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<Research>Citi Expects LAOPU GOLD (06181.HK) Core Customers to Remain Solid w/ Rating Buy
Recommend 29 Positive 37 Negative 40 |
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During the April promotional campaign at LAOPU GOLD (06181.HK)'s SKP boutiques, same-store sales are estimated to record a double-digit decline due to the loss of entry-level price-sensitive customers after recent drop in gold prices, Citi Research issued a research report saying. However, its core customer base remained stable. The broker expected smaller same-store sales declines at LAOPU GOLD's other stores, given different customer demographics and promotion schedules. Citi Research believed that investors have been concerned about same-store sales performance for some time and that the current valuation is undemanding. Therefore, the broker kept rating at Buy on LAOPU GOLD. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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