Glory news on September 26th: Lao Pu Gold (6181.HK) rose more than 10% in midday trading, with a monthly cumulative increase of up to 55%, reaching a high stock price of 143 Hong Kong dollars again, with a total market value exceeding 23.5 billion Hong Kong dollars. Jefferies Financial released a research report, giving Lao Pu Gold a "buy" rating for the first time, with a target price of 165 Hong Kong dollars, corresponding to a forecast PE ratio of approximately 16 and 13 times for 2025 and 2026. The bank pointed out that Lao Pu Gold has a clear and feasible channel expansion plan, which can provide a certain degree of certainty for the mid-term development prospects. It is expected to open 16 stores from 2024 to 2026, expand the offline store network, and have room to increase penetration among China's wealthy customers. It is predicted that Lao Pu Gold's sales and net income compound annual growth rates from 2023 to 2026 could reach 53% and 67%, respectively.