Citibank: High net worth consumers prefer gold collections, which is beneficial for Old Pawn Gold, giving it a target price of 1,119 Hong Kong dollars.

Citibank released a research report stating that Laopu Gold is the preferred stock in the Chinese jewelry industry; based on a forecasted P/E ratio of 24 times in 2026, the target price is set at HK$1,119; with a "buy" rating. According to the recently released "2026 Hurun Top Notch Products - Report on Quality of Life of China's High Net Worth Population" by the Hurun Research Institute, Laopu received several positive interpretations, showing rapid growth and climbing to the third spot in the ranking of favorite jewelry brands among China's high net worth individuals, up from eighth place in 2024. Citibank believes that high net worth consumers prefer gold as a collectible, which bodes well for Laopu's future development prospects. They also believe that China's over two million high net worth households provide enormous potential for Laopu's VIC business, which was just launched last year.