Citibank: LAOPU GOLD (06181) management team is confident in sales prospects, reiterates "buy" rating.

Citibank's research report stated that the management of LAOPU GOLD (06181) has shown strong confidence in the short-term and long-term sales prospects. Despite the recent drop in gold prices, encouraging customer behavior has been observed, and the short-term sales prospects are still positive. In the long term, there is ample room for expansion in the customer base from entry-level to ultra-high-net-worth clients, indicating further sales growth potential. Citibank reiterated its "buy" rating for LAOPU GOLD and ranked it as the top pick in the Chinese jewelry industry, with a target price of HK$1,162.