On September 30, WANGUO GOLD GP rose 3.07% in regular trading, trading at HK$13.42 per share, with turnover of approximately HK$29.45 million. The rebound came as market expectations for a Federal Reserve rate hike in October cooled notably following weaker-than-expected economic data.

Prior hawkish signals from the Fed — including a 25-basis-point hike in September to 3.75%-4.00% and comments from Boston Fed President Collins warning of persistent above-target inflation — had driven COMEX gold down nearly $290 from its highs and pressured precious metals stocks broadly. The latest softening in macro data has eased tightening fears, triggering an oversold bounce across gold-related equities.

Fundamentally, WANGUO GOLD GP reported strong first-half results, with revenue rising 50.2% year over year to RMB 1.863 billion and attributable net profit climbing 51% to RMB 905 million. The flagship Gold Ridge mine in the Solomon Islands delivered revenue of RMB 1.38 billion, up 43.2%, with gross margin reaching 81%. Additionally, the company completed a HK$5.5 billion convertible bond issuance earmarked for overseas gold mining acquisitions, and deployed idle proceeds into J.P. Morgan and BlackRock funds for enhanced cash management.

(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.)