According to the CC Financial APP, the stock price of Lao Pu Gold (06181) surged more than 6%, reaching 6.6% as of the time of publication, at HKD 203.4, with a turnover of HKD 0.103 billion.

On the news front, UBS Group's research reports pointed out that Lao Pu Gold has maintained strong sales momentum in the second half of the year, opening two new specialty stores in the second half of the year and renovating three branch stores by expanding their area. The bank believes that since Lao Pu Gold was included in the Hong Kong Stock Connect on September 10th, the stock price has risen by approximately 117%, but the valuation remains low. The bank expects that the catalysts for Lao Pu Gold may include a rebound after a short-term adjustment in gold prices; strong sales momentum during the year-end shopping festival; the possible opening of a new store in Singapore in early 2025; and a positive operating cash flow may be achieved in 2025 with the improvement of inventory turnover.

According to reports, during this year's November 11 shopping festival-related, Lao Pu Gold transitioned from offline to online. During this year's November 11 period, Lao Pu Gold topped the Tmall jewelry sales chart at TOP1, with transactions skyrocketing by nearly 400% compared to last year, becoming the true sales leader in the gold category during this year's November 11 shopping festival. Financial reports show that Lao Pu Gold's revenue and profits both experienced rapid growth in the first half of this year, with net profit increasing by nearly 200% year-on-year.