On October 2, LAOPU GOLD fell 3.36% in regular trading, trading at 324.8 HKD/share with turnover of approximately 10.04 million HKD, extending its recent losing streak.

On the macro front, spot gold recently broke below $4,200/oz, pressured by a strengthening US dollar index and rebounding US Treasury yields, dragging the broader precious metals sector lower. On the institutional side, Haitong International cut LAOPU GOLD's target price by 21% to 435 HKD while maintaining an \"Outperform\" rating, citing slowing terminal demand since Q2 and potential year-over-year pressure in Q4 on a high base, with the valuation multiple reduced from 14x to 10x. The firm forecasts revenue of 322.55 billion RMB, 302.63 billion RMB, and 328.96 billion RMB for the next three fiscal years, implying a 6.2% revenue decline in the second year. Separately, Citi flagged that increased promotional discounts in Q3 may weigh on gross margins sequentially.

Within the Apparel, Accessories & Luxury Goods sector, stocks were broadly weaker. Among individual stocks, ANTA SPORTS down 1.15%, SHENZHOU INTL down 3.56%, LI NING down 2.56%, PRADA down 2.67%, SAMSONITE down 2.52%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)