Laopu Gold shines bright, hits new record ahead of Lunar New Year By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2025
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Source: Investing.com
Laopu Gold's Stock Performance: Laopu Gold's shares surged 18% to a new high of 432.80 Hong Kong dollars ahead of the Lunar New Year, significantly outperforming other retailers and luxury brands in China.
Market Comparison: Since its listing in June, Laopu's shares have increased tenfold, while the Hang Seng Index rose by 14%, contrasting with a 20% decline in shares of Chow Tai Fook Jewellery, highlighting Laopu's successful niche in "heritage gold" and handmade jewelry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
