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A-share underground pipe network sector saw a short-term surge, with Greentown Water, Qinglong Pipe Industry, Delong Huineng, and Jiaojian Shares hitting the daily limit, while Hualan Group, Shenzhen Water Resources Planning and Design Institute, Jin

2026-07-06

A-share underground pipe network sector saw a short-term surge, with Greentown Water, Qinglong Pipe Industry, Delong Huineng, and Jiaojian Shares hitting the daily limit, while Hualan Group, Shenzhen Water Resources Planning and Design Institute, Jinpu Landscape, Sanhe Pipe Pile, and Yufan Technology followed suit.

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2026-07-06

UBS cut Laopu Gold (06181.HK) PT to HK$650 from HK$930 and reiterated a Buy rating. The bank says boutique upgrades, VIC services and more frequent new-product launches enhance the company’s brand, channel and product positioning, helping cushion a g

UBS cut Laopu Gold (06181.HK) PT to HK$650 from HK$930 and reiterated a Buy rating. The bank says boutique upgrades, VIC services and more frequent new-product launches enhance the company’s brand, channel and product positioning, helping cushion a gold-price pullback. UBS views the shares as oversold and cites potential catalysts including stronger-than-expected 1H results, VIC-related activity and H2 overseas store openings; it forecasts 1H revenue and net profit up about 93% and 118% YoY. UBS expects gold prices to recover in H2, notes new stores could offset same-store-sales pressure if gold stays weak, trimmed 2026–28 EPS forecasts by 0–2% and cut the PT citing high base effects, slower medium-term growth and competitive pressures.
2026-07-06

On Monday, July 6th, the Shanghai Gold Exchange's gold T+D futures rose 0.53% to 911.78 yuan/gram in early trading; the Shanghai Gold Exchange's silver T+D futures rose 1.51% to 15321.0 yuan/kilogram in early trading.

On Monday, July 6th, the Shanghai Gold Exchange's gold T+D futures rose 0.53% to 911.78 yuan/gram in early trading; the Shanghai Gold Exchange's silver T+D futures rose 1.51% to 15321.0 yuan/kilogram in early trading.
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