Laopu Gold May Continue to Face Near-Term Headwinds

Dow Jones

Jul 28

0646 GMT - Laopu Gold may continue to face headwinds in the near term, Morningstar's Jeff Zhang says in a research note. Laopu's 1H projected revenue was "significantly" below Morningstar's forecast, he says. This reflects Laopu's high sensitivity to gold price swings, as consumers prefer "weight-based products over fixed-priced ones in a downcycle." Morningstar estimates Laopu's 2Q revenue declined over 20% year on year. Morningstar reduces its fair value estimate on Laopu to HK$720.00 from HK$900.00 on more conservative earnings forecasts. However, Morningstar says "shares remain undervalued, in our view, as investors appear overly downbeat on Laopu's near-term growth prospects." Shares slide 25% lower to HK$298.80. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

July 28, 2026 02:46 ET (06:46 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2654898079"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2654898079\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2654898079?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-28 14:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2654898079","market":"other","top_or_hot":-1,"title":"Laopu Gold May Continue to Face Near-Term Headwinds","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0646 GMT - <a href=\"https://laohu8.com/S/06181\">Laopu Gold</a> may continue to face headwinds in the near term, Morningstar's Jeff Zhang says in a research note. Laopu's 1H projected revenue was \"significantly\" below Morningstar's forecast, he says. This reflects Laopu's high sensitivity to gold price swings, as consumers prefer \"weight-based products over fixed-priced ones in a downcycle.\" Morningstar estimates Laopu's 2Q revenue declined over 20% year on year. Morningstar reduces its fair value estimate on Laopu to HK$720.00 from HK$900.00 on more conservative earnings forecasts. However, Morningstar says \"shares remain undervalued, in our view, as investors appear overly downbeat on Laopu's near-term growth prospects.\" Shares slide 25% lower to HK$298.80. (tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 28, 2026 02:46 ET (06:46 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Laopu Gold May Continue to Face Near-Term Headwinds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLaopu Gold May Continue to Face Near-Term Headwinds\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-28 14:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0646 GMT - <a href=\"https://laohu8.com/S/06181\">Laopu Gold</a> may continue to face headwinds in the near term, Morningstar's Jeff Zhang says in a research note. Laopu's 1H projected revenue was \"significantly\" below Morningstar's forecast, he says. This reflects Laopu's high sensitivity to gold price swings, as consumers prefer \"weight-based products over fixed-priced ones in a downcycle.\" Morningstar estimates Laopu's 2Q revenue declined over 20% year on year. Morningstar reduces its fair value estimate on Laopu to HK$720.00 from HK$900.00 on more conservative earnings forecasts. However, Morningstar says \"shares remain undervalued, in our view, as investors appear overly downbeat on Laopu's near-term growth prospects.\" Shares slide 25% lower to HK$298.80. (tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 28, 2026 02:46 ET (06:46 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06181","symbol_name":"老铺黄金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2654898079","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2654898079","pubTimestamp":1785221160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0646 GMT - Laopu Gold may continue to face headwinds in the near term, Morningstar's Jeff Zhang says in a research note. Laopu's 1H projected revenue was \"significantly\" below Morningstar's forecast, he says. This reflects Laopu's high sensitivity to gold price swings, as consumers prefer \"weight-based products over fixed-priced ones in a downcycle.\" Morningstar estimates Laopu's 2Q revenue declined over 20% year on year. Morningstar reduces its fair value estimate on Laopu to HK$720.00 from HK$900.00 on more conservative earnings forecasts. However, Morningstar says \"shares remain undervalued, in our view, as investors appear overly downbeat on Laopu's near-term growth prospects.\" Shares slide 25% lower to HK$298.80.  Dow Jones NewswiresJuly 28, 2026 02:46 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"06181":"老铺黄金","BK1227":"服装、服饰与奢侈品","BK1544":"黄金股","SG9999001051.SGD":"United Asia Fund SGD","SGXZ90724238.SGD":"UNITED ASIA \"A\" (SGD) INC"},"translate_title":"老浦黄金可能继续面临近期阻力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"06181":0.9},"content_text":"0646 GMT - Laopu Gold may continue to face headwinds in the near term, Morningstar's Jeff Zhang says in a research note. Laopu's 1H projected revenue was \"significantly\" below Morningstar's forecast, he says. This reflects Laopu's high sensitivity to gold price swings, as consumers prefer \"weight-based products over fixed-priced ones in a downcycle.\" Morningstar estimates Laopu's 2Q revenue declined over 20% year on year. Morningstar reduces its fair value estimate on Laopu to HK$720.00 from HK$900.00 on more conservative earnings forecasts. However, Morningstar says \"shares remain undervalued, in our view, as investors appear overly downbeat on Laopu's near-term growth prospects.\" Shares slide 25% lower to HK$298.80. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 28, 2026 02:46 ET (06:46 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}