Haitong International: Cuts Laopu Gold (06181.HK) target price by 21% to HK$435, maintains "Outperform" rating.

Zhitong Finance APP has learned that Haitong International issued a research report stating that it has lowered the target price of Laopu Gold (06181.HK) by 21% to HK$435, while maintaining an "Outperform" rating. The company's sales performance in the first quarter of this year was strong, while terminal demand has slowed somewhat since the second quarter. The bank expects that in the fourth quarter of this year, year-on-year growth may come under phased pressure due to the high base. In the first half of the year, the company's revenue was RMB 19.808 billion, and net profit attributable to shareholders was RMB 4.267 billion, representing year-on-year growth of 60.3% and 88.2%, respectively.