On September 1, ZIJIN GOLD INTL rose 3.22% in regular trading, trading at HK$157.3/share, with turnover of HK$175 million. The rebound followed a sharp 10.05% sell-off in the prior session, supported by robust first-half earnings.

The company reported H1 profit attributable to owners of US$1.451 billion, surging 179% year-over-year, on revenue of US$3.987 billion, up approximately 100%. Gold production reached about 27.3 tonnes, a 44% year-over-year increase. The board declared its first-ever interim dividend of HK$1.50 per share since listing. Meanwhile, parent company Zijin Mining posted H1 net profit of RMB39.17 billion, up 68.17% year-over-year, further reinforcing market confidence.

On the analyst front, Citigroup initiated coverage with a Buy rating and a target price of HK$178, while Bank of America raised its target to HK$176, maintaining a Buy rating. BOCI lifted its target to HK$135.36, projecting H2 earnings to rise a further 13% from H1 on higher gold output, partially offset by an expected sequential gold price decline.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)