** Shares of Laopu Gold 6181.HK jump as much as 20.8% to HK$566, post their highest and biggest one-day pct gain since debut on June 28, 2024
** The Chinese gold jewellery maker and retailer expects to record net profit of 1.4 billion-1.5 billion yuan ($193.37 million-$207.18 million) for 2024, up 236%-260% from a year ago
** Co, with current market capitalisation of HK$90.58 bln ($11.66 bln), says the strong performance is due to expansion of brand influence, which resulted in higher revenue from existing boutiques across online and offline channels
** Brokers said recent strength in gold price also aidded demand for the precious metal
** Gold set for eighth weekly gain as tariff threats boost safe-haven demand
** Shares of rival Chow Tai Fook Jewellery 1929.HK, with market capitalisation of HK$78.8 billion, climb 3.8% to HK$8.13, highest since October 8, 2024; Luk Fook 0590.HK gains 1.2%
** Hang Seng Commerce & Industry Index .HSNC surges 4.4x%, Hang Seng Index .HSI rises 2.9%
** Shares of Laopu Gold has gained 94.2%, YTD
($1 = 7.2401 Chinese yuan)
($1 = 7.7707 Hong Kong dollars)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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