Movement Alert|Zijin Mining Rises 3.11% in Regular Trading, H1 Profit Up 68% with Multiple Banks Maintaining Buy Ratings

Market Focus
07/14

On July 14, Zijin Mining rose 3.11% in regular trading, trading at 30.62 HKD/share with turnover of 814 million HKD, recovering significantly from the previous session's 3.27% decline.

On the news front, the company previously disclosed its H1 earnings preview, projecting attributable net profit of approximately 39.1 billion yuan, up 68% year-over-year, while non-GAAP net profit reached approximately 37.9 billion yuan, up 75%, both setting record highs for the same period. Although Bank of America noted Q2 recurring net profit slightly missed expectations due to weak performance at Zijin Gold International, JPMorgan maintained its Overweight rating with a 50 HKD target price, Citi assigned a Buy rating with a 51.8 HKD target, and BOCI also maintained its Buy rating stating results largely met expectations. JPMorgan continues to list Zijin Mining as its top sector pick.

Within the Gold sector, peers showed broad strength: Lingbao Gold up 6.44%, China Gold International up 5.87%, Zijin Gold International up 4.82%, Shandong Gold up 2.75%, and Zhaojin Mining up 1.71%.

(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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