Laopu Gold Likely to Continue Gaining Market Share
Dow Jones
Sep 07
0306 GMT - Laopu Gold will likely continue gaining market share, driven by its expanded customer base and brand position, Citi Research analysts say in a note. The Chinese gold jeweler has seen high growth in the heritage gold segment, despite bigger players and new entrants in the industry. This shows that Laopu has a hard-to-replicate brand advantage over its competitors, they say. Citi has a buy rating and a target price of 507.00 Hong Kong dollars on the stock. Shares are 2.1% lower at HK$390.00.
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