Jiaxin International Resources Investment Limited's stock surged 17.02% during intraday trading on Wednesday, following a significant upgrade to the company's financial forecasts by analysts.

The sharp rise comes after analysts substantially increased their statutory revenue and earnings per share estimates for the company in 2026. Consensus estimates now project revenues of HK$5.9 billion, reflecting a massive 459% increase from the past 12 months, while per-share earnings are expected to leap 1,111% to HK$8.11. This represents a major improvement from previous forecasts of HK$3.6 billion in revenue and HK$4.18 EPS.

With these upgraded projections indicating a much brighter growth outlook compared to both past performance and industry peers, analysts have also lifted their price target by 67% to HK$158 per share, fueling investor optimism and driving the stock's impressive intraday performance.