So… how did a gold jewellery large outperform even tech shares?
Since its Hong Kong IPO in June 2024 at HK$40.50, this Beijing-based luxurious jeweler has delivered some of the spectacular inventory rallies.
Its shares are up over 1,800% – turning a HK$40,000 funding into greater than HK$750,000 in simply over a yr.
At HK$131 billion market cap, that is Laopu Gold (SEHK: 6181) – a Chinese language heritage jewellery model that’s known as the “Hermès of gold”.
So… how did a gold jewellery large outperform even tech shares?
This can be a completely different sort of gold
The story begins with Laopu’s distinctive positioning in China’s luxurious market. Firstly, its enterprise mannequin stands other than its main friends like:
- Chow Tai Fook (1929.HK): A market chief with in depth retail community
- Luk Fook (590.HK): Conventional gold retailer centered on mass market
- Chow Sang Sang (116.HK): Heritage model however scuffling with development
- Lao Feng Xiang (600612.SS): Mainland competitor with commodity-style pricing
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