HSBC: Luk Fook Gold (06181.HK) indicates limited impact from the increase in value-added tax on new gold jewelry, reaffirms "outperform" rating.

According to the latest report from CITIC Securities, JPMorgan Chase has adjusted its profit forecast for Lao Puy gold (06181.HK) by 2-3% for 2025, while maintaining the profit forecast for 2026-27 unchanged. The target price given by the bank is 1296 Hong Kong dollars, reaffirming the "outperform" rating. This stock is one of the bank's top choices in the mainland consumer sector. The bank expects the company to continue its growth momentum, benefiting from brand value, product innovation, and strong value proposition in markets that emphasize national pride.