Citi is optimistic about the growth prospects of Lao Pu Gold, with a target price of HKD 1084.

Jin10 data reported on July 14 that Citigroup released a research report, predicting that Laopu Gold’s revenue in the first half of this year will rise by 198%, reaching 10.5 billion yuan, and net profit will rise by 260%, reaching 2.1 billion yuan. For the entire years of 2025 and 2026, Citigroup expects net profit to rise by 220% and 37%, reaching 4.727 billion yuan and 6.459 billion yuan, respectively. The bank stated that after last week’s stock price adjustment, the stock is currently trading at forecasted price-to-earnings ratios of 30 times and 22 times for this year and next year, respectively, maintaining a buy rating on the stock and initiating a 30-day upward catalyst observation. Citigroup also set the target price at 1,084 HKD based on a forecasted price-to-earnings ratio of 36 times for 2025, corresponding to a price-to-earnings growth rate of 0.34 times.