Laopu Gold climbs on robust earnings forecast

Laopu Gold Co

11/03/2026 06:04

** Shares of Laopu Gold 6181.HK climb 4.8% to HK$669.5, on course for the biggest one-day pct gain since February 16

** Stock touches the highest point since March 5, rising for the second session

** China-based gold jewellery maker and distributor expects 2025 net profit to jump 226%-233% y/y to 4.8-4.9 bln yuan  ($699.30-$713.87 mln) with sales up 216%-227% y/y due to expansion of brand influence and product optimization

** YTD, stock up 4.1%, benchmark Hang Seng Index .HSI up 1%

($1 = 6.8640 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))