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<Research>M Stanley Raises TP for LAOPU GOLD (06181.HK) Revenue and Earnings Forecast by 13-14% for 2026; Rating Overweight
Recommend 12 Positive 19 Negative 10 |
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Morgan Stanley's report covered LAOPU GOLD (06181.HK), which delivered strong set of 1Q26 results, with expected EPS likely to double YoY in 1H26. The stock was attractively valued at 13x 2026 P/E, with upside risk to earnings forecasts. The broker raised the company's revenue and net profit forecasts by 13-14%, expecting them to spike 55% and 66% YoY respectively in 2026, at RMB42 billion and RMB8 billion. The broker believed it was conservative enough as it estimated slower demand momentum for 2Q-4Q26 due to gold price uncertainty. Morgan Stanley maintained the group's TP at HKD1,010, with a rating of Overweight. AASTOCKS Financial News Website: www.aastocks.com |
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