According to a research report, Damo lowered the target price of gold from HK$590 to HK$505 to give it an “increase” rating. The main reason for the adjustment was based on weaker results for the second quarter of 2026 than expected, and the decline in the gold price environment, which led to an increase in the company's revenue and profit forecast. Damo cut the predicted revenue and profit of old gold by 14% and the predicted revenue and profit for 2027-28 by 11-12% to reflect weaker than expected results for the second quarter of 2026 in a lower gold price environment.

According to a research report, Damo lowered the target price of gold from HK$590 to HK$505 to give it an “increase” rating. The main reason for the adjustment was based on weaker results for the second quarter of 2026 than expected, and the decline in the gold price environment, which led to an increase in the company's revenue and profit forecast. Damo cut the predicted revenue and profit of old gold by 14% and the predicted revenue and profit for 2027-28 by 11-12% to reflect weaker than expected results for the second quarter of 2026 in a lower gold price environment.