G Sachs maintains a Buy rating on LAOPU GOLD due to its attractive risk-reward profile following an 18% pullback in share price since March. The report highlights strong brand momentum, customer acquisition, and positive performance during the Labor Day holiday, with expectations of a gross margin exceeding 45%. Management's plans to upgrade and open new stores, along with a potential recovery in consumer sentiment if gold prices stabilize, further support the positive outlook. The 12-month target price is set at HKD1,108.
