Citi released a research report saying that the old store Gold increased promotional discounts in shopping malls in the third quarter of this year, which will help drive sales to increase quarterly, but gross margin will also decline quarterly; the bank currently targets a target price of HK$507 and a “buy” rating. The bank assessed that revenue for the third quarter would need to increase by 18% to RMB 3.9 billion on a quarterly basis to maintain the same level of net profit as the second quarter.

Citi released a research report saying that the old store Gold increased promotional discounts in shopping malls in the third quarter of this year, which will help drive sales to increase quarterly, but gross margin will also decline quarterly; the bank currently targets a target price of HK$507 and a “buy” rating. The bank assessed that revenue for the third quarter would need to increase by 18% to RMB 3.9 billion on a quarterly basis to maintain the same level of net profit as the second quarter.