Laopu Gold’s 2,300% Rally Faces Test After Stock Hits HK$1,000

Laopu Gold’s 2,300% Rally Faces Test After Stock Hits HK$1,000

A breathtaking rally in Laopu Gold Co. is facing a critical test after its stock price hit HK$1,000 ($127), a rare milestone that may deter retail investors due to the steep price tag.

Is Laopu Gold on the radars of both Richemont and LVMH?

Laopu Gold has been defying the surging gold price with its high performance in sales and profitability. Being listed on the Hong Kong Stock Exchange (HKEX) means it is often grouped with Mixue and POP MART as the “three sisters” of “new consumption” on HKEX. Its strong performance, especially against conventional gold shop-type jewellers like Luk Fook and Chow Tai Fook, as well as international luxury brands has often been discussed by pundits …

Laopu Gold’s 2,300% rally faces test after stock hits HK$1,000

A BREATHTAKING rally in Laopu Gold is facing a critical test after its stock price hit HK$1,000 (S$164), a rare milestone that may deter retail investors due to the steep price tag.