According to a research report published by Bank of America Securities, the adjusted net profit for the first half of the year increased 84% year-on-year, in line with the bank's expectations and the profit forecast issued earlier by the company. Management pointed out that sales growth slowed in the second quarter, mainly due to the fact that gold prices began to fall after the company adjusted prices at the end of February, and consumer sentiment for gold and jewelry also weakened. The promotions launched from the end of June to the beginning of July effectively stimulated demand, and emphasized that sales will continue to be promoted through product innovation, customer service and store network expansion. In response to the performance of the first half of the year, the bank slightly lowered its earnings forecast per share from HK$38.82 to HK$38.1 and raised the target price from HK$350 to HK$399, maintaining a “neutral” rating. It believes that although the current price valuation of old gold stores is not expensive, considering the risk of weak consumer sentiment and increased competition, it believes that profit visibility is still low.

According to a research report published by Bank of America Securities, the adjusted net profit for the first half of the year increased 84% year-on-year, in line with the bank's expectations and the profit forecast issued earlier by the company. Management pointed out that sales growth slowed in the second quarter, mainly due to the fact that gold prices began to fall after the company adjusted prices at the end of February, and consumer sentiment for gold and jewelry also weakened. The promotions launched from the end of June to the beginning of July effectively stimulated demand, and emphasized that sales will continue to be promoted through product innovation, customer service and store network expansion. In response to the performance of the first half of the year, the bank slightly lowered its earnings forecast per share from HK$38.82 to HK$38.1 and raised the target price from HK$350 to HK$399, maintaining a “neutral” rating. It believes that although the current price valuation of old gold stores is not expensive, considering the risk of weak consumer sentiment and increased competition, it believes that profit visibility is still low.