Movement Alert|SD GOLD Falls 4.43% in Regular Trading, Gold Price Drop Below $4500 Continues to Weigh on Sector

Market Focus
09/02

On September 2, SD GOLD fell 4.43% in regular trading, trading at 24.68 HKD/share, with turnover of approximately 72.90 million HKD.

On the news front, gold prices extended their sharp retreat after breaking below the $4500 per ounce level, triggering broad-based selling across the precious metals sector. Within the Gold sector, LINGBAO GOLD fell 4.16%, ZHAOJIN MINING fell 4.52%, ZIJIN GOLD INTL fell 3.50%, CHINAGOLDINTL fell 3.60%, and CHIFENG GOLD fell 3.53%, reflecting widespread sector weakness.

SD GOLD recently reported solid interim results, with first-half attributable net profit of 3.543 billion yuan, up 26.17% year-over-year, and adjusted net profit reaching 4.072 billion yuan, up 45.01%. Overseas mine gold output rose 18.03% to 6.69 tonnes. BOC International maintained a Buy rating and raised its target price to 40.36 HKD. However, the acute pullback in gold prices has dampened sector sentiment, and SD GOLD has been unable to withstand the systemic industry correction despite its strong earnings performance.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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