Changes in Hong Kong stocks | Old Shop Gold (06181) fell more than 4% in the afternoon, Xiaomo is expected to pick up month-on-month, and the quarterly report for the second half of the year is still under pressure due to a high base

The Zhitong Finance App learned that the old store Gold (06181) fell by more than 4% in the afternoon. As of press release, it decreased by 3.49% to HK$387.0, with a turnover of HK$277 million.

According to the news, Laosou Gold's second-quarter results declined sharply from the first quarter. Komo released a research report saying that the sales slowdown in the second quarter was biased more towards cyclical rather than structural issues. Although short-term sales performance still depends on gold price trends, and the Mid-Autumn Festival and National Day holidays will be the next key observation points, the bank believes that the company's brand competitiveness and medium- to long-term profitability are still stable.

The bank said that the profits of old gold stores will gradually pick up, from around 600 million yuan in the second quarter to about 800 million yuan/1.2 billion yuan in the third quarter/quarter. The offline same-store sales growth rate is estimated to have bottomed out in the 2nd quarter of this year. The year-on-year decline is expected to narrow to 15-20% in the second half of the year and rise back to a year-on-year level in 2027. However, due to the high base, revenue/profit for the second half of '26 is expected to drop by about 24/ 21% year on year.