Reward 500 Tiger-coins$LAOPU GOLD(06181)$ new store in Singapore will officially open on June 21. This will be the brand's first overseas store.
Who is Laopu Gold?
Over the past few months, Laopu Gold has taken both the consumer and capital markets by storm, becoming a hot topic. On June 5, its share price broke past HK$1,000, reaching a high of HK$1,015 before closing at HK$904, making it the new “king of Hong Kong stocks.” Despite a recent pullback, Laopu Gold’s stock is up 241% year-to-date, significantly outperforming other gold stocks. Since its IPO in July 2024, the stock has surged more than 10x in less than a year.
In China, Laopu Gold continues to see long queues at premium shopping malls. The craze has drawn attention from the global luxury sector, with senior executives from $LVMH-Moet Hennessy Louis Vuitton(LVMHF)$ and $Compagnie Financiere Richemont AG(CFRHF)$ (Cartier’s parent company) either directly or indirectly referencing the explosive demand for Laopu Gold.
In Southeast Asia, demand for designer gold jewelry is rising alongside growing consumption power and personalization trends. The regional jewelry market is expected to expand at a CAGR of 3.35% through 2033, with Singapore’s jewelry market projected to grow at an average annual rate of 4.51% between 2025 and 2029.
Unlike traditional gold brands, Laopu Gold positions itself as a luxury brand, with prices much higher than standard gold jewelry. Yet, its exquisite craftsmanship continues to attract strong consumer demand.
Will you visit the new Laopu Gold store in Singapore this weekend to see how stunning their pieces are?
Another gold player is stepping into the spotlight: $ZHOU LIU FU(06168)$ is set to debut on the HK Stock Exchange.
ZLF plans to issue 46.808 million shares in its IPO, raising approximately HK$1.123 billion at an offer price of HK$24 per share, giving it a market cap of about HK$10.2 billion. The company targets the mid-range jewelry market and ranks 10th in China’s gold jewelry industry—far behind leaders like $CHOW TAI FOOK(01929)$ and $Lao Feng Xiang Co.,Ltd.(600612)$.
Low valuation & reliable sponsors
Despite its weaker fundamentals, ZLF is trading at a relatively low valuation, with a P/E of 13x, well below the sector average (20x), Chow Tai Fook (22x), and Lao Feng Xiang (14x). Backed by high-profile sponsors CICC and CSC Financial, the latter also led Laopu Gold’s IPO. ZLF might benefit from its "low valuation + gold theme + southbound trading access".
However, the company’s recent actions raise some red flags.
Since 2023, ZLF has been closing stores and shifting toward a more conservative strategy. Before the IPO, it issued a last-minute dividend of RMB 645 million, with over 90% going to the controlling shareholder, triggering concerns over cash-out motives.
Brand-wise, Zhou Liu Fu is often criticized for being a “copycat” of more famous names like Chow Tai Fook, Chow Sang Sang, and Luk Fook. Its reputation took another hit after it was exposed by CCTV’s 315 Consumer Rights Day program for misleading consumers into buying 18K gold instead of pure gold by concealing product weight.
Meanwhile, some investment banks are turning bearish on the gold rally.
Citi forecasts gold prices will peak at USD 3,100–3,500/oz in Q3 2025, before retreating to USD 2,500–2,700/oz by late 2026.
So, will you subscribe to Zhou Liu Fu’s IPO?
Or this weekend, will you check out or shop at Laopu Gold’s stunning new Singapore store?
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Comments
$ZHOU LIU FU(06168)$ 🤩🌟🤩✈️ I won’t be jetting over from New Zealand this weekend, unless Laopu starts accepting Airpoints and offers a solid gold boarding pass with every bracelet.
Still, Laopu’s new flagship in Singapore isn’t just another store, it’s a strategic power move. A 10x rally in under a year, queues curling out of China’s premium malls, and now its first overseas outpost, this is gold not as a commodity, but as cultural capital ✨💍📈
Meanwhile, Zhou Liu Fu’s IPO reads more like a cautionary tale than a compelling debut. Sure, the 13x P/E is attractive on paper, but so is costume jewellery under dim lighting. A last-minute pre-IPO dividend funnelled mostly to the controlling shareholder, a branding play that feels more mimicry than identity, and a reputation dented by a Consumer Rights Day exposé for mislabelling 18K gold, these are not the hallmarks of long-term confidence 🧐⚠️📉
Laopu, on the other hand, understands the luxury game. It sells status, scarcity, and storytelling. And it is doing so at a time when Southeast Asia’s appetite for premium self-expression is rising fast. Singapore’s jewellery market alone is forecast to grow over 4.5 percent annually through 2029. That’s not a trend, that’s an opportunity glittering with potential 🌟🛍️📊
So no, I won’t be visiting in person, but I will be watching the foot traffic, the receipts, and the sentiment. Because sometimes the strongest signal isn’t in a filing, it’s in the length of the queue.
Zhou Liu Fu IPO? I’ll pass, and wait for the dust to settle.
Laopu Gold? Now that’s a brand with wattage.
Let the sparkle speak louder than the spreadsheets ✨🔍📎
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nah... won't be jumping at this point... shall just stand at the side walk a d watch [Serious] [Serious] [Serious]
So, will you subscribe to Zhou Liu Fu’s IPO?
Or this weekend, will you check out or shop at Laopu Gold’s stunning new Singapore store?
REWARDS
All valid comments will receive 5 Tiger
Is Zhou Liu Fu (ZLF) a good company to invest in?
With over 4100 stores and a franchise driven growth model, ZLF is a mass market force in China's gold jewellery landscape. There is strong ECommerce momentum and confidence is running high.
But compare it to Laopu Gold $LAOPU GOLD(06181)$ ZLF aims squarely at the mid tier consumer while Laopu Gold is positioned as a premium heritage brand.
ZLF is like Nike while Laopu Gold is like Hermes. So both companies cater to different segments of the jewelery market.
Bottom Line - Laopu Gold is a luxury rocket ship - brilliant but possibly overvalued. Zhou Liu Fu is the grounded, scalable alternative that offers better value.
My choice - Zhou Liu Fu because I love value and building a solid foundation.
@Tiger_SG @Tiger_comments @TigerStars
周六福的IPO吸引力在于“成长性”和“扩张潜力”，它是这波中港珠宝股热潮里的新血。对比周大福、六福这类老牌，它更年轻、品牌形象更新，主打的是性价比和婚庆消费人群，比较像“黄金版的周大生”。短期看，炒作空间肯定有，特别是如果定价合理、认购火热，可能带动一波“新珠宝概念”的行情。但要不要长期持有，还得看它未来门店扩张节奏与品牌差异化策略。
至于老铺黄金的新加坡店，我其实已经计划去看看了。金沙这个位置挑得太精准，目标人群明确，卖的是“高净值+文化符号”。从现场数据来看，单店转化率惊人，说明品牌在海外也有说服力。这对它后续在其他国际城市复制是个强有力验证。
所以说，左手周六福短炒IPO，右手老铺黄金看长期品牌资产升值，这周末，还真是个珠宝投资者的双喜临门时刻。