The Zhitong Finance App learned that Citi released a research report stating that it will lower the target price of old gold (06181) from HK$507 to HK$400, maintain the “buy” rating, and lower the profit forecast. The bank expects the company's sales to improve month-on-month in the third quarter of 2026, but net profit performance is weak. Fluctuations in gold prices continue to suppress consumer sentiment, further delaying the expected profit recovery. Citi believes that investors have underestimated the competitive advantages of old gold stores, and are also overly concerned about competition at this stage, and the company's current valuation is attractive.

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