$LAOPU GOLD (06181.HK)$Increased by nearly 8%, reported at 260.40 Hong Kong dollars, the stock price reached a new high during the trading session.

In terms of news, JPMorgan previously released Research Reports stating that Lao Pu Gold's business exposure is entirely based on ancient gold craftsmanship, giving it a first-mover advantage, continuing to lead in the product innovation cycle. This is a unique emerging Luxury Goods stock in China. Even though its stock price has increased about four times since its IPO in June, it is believed that a valuation corresponding to the predicted PE of 19 times for the next year is still reasonable. The bank believes that Lao Pu Gold has the potential to develop into one of China's rare Luxury Goods stocks, expecting a compound annual growth rate of 55% in sales and 65% in net profit from 2024 to 2026, first assigning a "Shareholding" rating, and listing it as an industry favorite.

Editor/ping