On July 14, Jiaxin International Resources rose 5.9% in regular trading, trading at HK$47.98/share, with turnover of HK$91.56 million.

On the news front, the company issued a positive profit alert on July 10, forecasting interim net profit of approximately HK$1.45 billion to HK$1.55 billion, a turnaround from a net loss of approximately HK$6 million in the same period last year. The swing to profitability was driven by a full six months of commercial production at its Baკuta tungsten mine in Kazakhstan and significantly higher average selling prices for tungsten concentrate.

Meanwhile, CITIC Securities initiated coverage with a Buy rating and a target price of HK$64, while GF Securities published a report projecting long-term tungsten price upside supported by a supply-demand deficit. The stock had previously declined over 73% from its 52-week high of HK$176.20, with consecutive selling creating technically oversold conditions. The combination of fundamental earnings support and institutional bullish calls triggered a rebound.

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