Cathay Pacific Haitong released a research report saying that gold prices are rebounding, recommending gold jewelry brands that are expected to benefit from the sales side and profit flexibility side. US non-agricultural data fell short of expectations, and expectations of the Federal Reserve's interest rate hike weakened. London gold has now risen sharply since August 5. Currently, it has broken through 4,300 US dollars/ounce, a new high since June 18, and continues to fluctuate in the range of 4,000 to 4,200 US dollars/ounce from the end of June to the beginning of August. According to the bank, the previous suppression of the jewellery sector's stock prices was mainly due to concerns about continued sales, gross profit margin, and subsequent growth against the backdrop of a higher base in the second half of the year due to weakening gold prices since 2026Q2. The current rebound in gold prices is expected to drive continued growth under a high base in the second half of the year. Leading companies will increase their share with excellent product strength and drive the release of operating leverage. Currently, it is expected that both valuation and performance will recover.

Cathay Pacific Haitong released a research report saying that gold prices are rebounding, recommending gold jewelry brands that are expected to benefit from the sales side and profit flexibility side. US non-agricultural data fell short of expectations, and expectations of the Federal Reserve's interest rate hike weakened. London gold has now risen sharply since August 5. Currently, it has broken through 4,300 US dollars/ounce, a new high since June 18, and continues to fluctuate in the range of 4,000 to 4,200 US dollars/ounce from the end of June to the beginning of August. According to the bank, the previous suppression of the jewellery sector's stock prices was mainly due to concerns about continued sales, gross profit margin, and subsequent growth against the backdrop of a higher base in the second half of the year due to weakening gold prices since 2026Q2. The current rebound in gold prices is expected to drive continued growth under a high base in the second half of the year. Leading companies will increase their share with excellent product strength and drive the release of operating leverage. Currently, it is expected that both valuation and performance will recover.