I won’t check out laopu gold’s new store in Singapore at all. The designs are not that exquisite for me to consider it as a luxury brand. So, I am definitely not going to pay for the workmanship. For it to take off in Singapore, it needs to have designs that appeal to the population. The demand for such pieces usually comes only for big events like marriage and I think many of the older folks have their preferences already and it can be very hard to convince them to pay much more for luxury pieces for their children or their spouses who may not even like the designs.
I definitely will not subscribe to Zhou Liu Fu’s IPO due to its weak fundamentals. It doesn’t have designs that allow it to standout from its competitors and questionable marketing gimmicks will cause consumers to run far away from it. Furthermore, I believe that gold price won’t stay high for long. Coupled together, I think subscribing to the IPO has a high chance of losing money.
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