Chances of Correction in Gold Prices Increase – TDS
Tongguan gold's net income in the mid-term increased more than 5 times year-on-year. PetroChina plans to acquire Zhongyou Electric for nearly 6 billion yuan | Selected Hong Kong stock announcement on August 26.
① The net income of Tongguan Gold in the mid-term increased by more than 5 times, how big is the profit scale? ② What are the highlights of PetroChina's proposed acquisition of China Oil Power for nearly 6 billion yuan?
Tongguan Gold Group Records Higher Profit, Revenue in H1
Tongguan Gold (00340) announced its interim performance, with a net profit attributable to owners of approximately HK$91.956 million, an increase of about 5.6 times year-on-year.
Tongguan gold (00340) announced its mid-term performance in 2024, with a turnover of approximately 0.85 billion Hong Kong dollars, a year-on-year increase of 2...
Express News | Tongguan Gold Group H1 Net Income HKD 90.7 Million
Express News | Tongguan Gold Group H1 Pretax Profit HKD 132.8 Million
TONGGUAN GOLD: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Gold Extends Rally as Geopolitical Risks Boost Haven Demand
Silver Price Analysis: Potentially Resuming Short-term Uptrend After Correction
Gold Price Hits All-time High as Investors Await Fed Rate Cut Signals
The momentum is not slowing down! Spot gold prices hit a high of $2526, and futures prices also set a new record.
① The spot price of gold suddenly surged more than $20, reaching a high of $2526.22 per ounce, once again hitting a historical high on Friday; ② The CME Group's "FedWatch" tool shows that the median prediction is that "25 basis points + 25 basis points + 25 basis points" is the most likely cut path for the bank this year.
Gold Set to Trade Near Current $2,500 by Year-end – Commerzbank
Tongguan Gold Group Expects 469% Surge in H1 Profit
Gold Steady Near Record High as Investors Seek More Fed Cues
Tongguan Gold (00340.HK) announced that its net income is expected to increase by approximately 469% year-on-year in the first half of the year.
On August 19th, Geely Finance announced that Tongguan Gold (00340.HK) had recorded revenue of approximately HKD 0.85 billion for the six months ended June 30, 2024, an increase of approximately 26% from the revenue of approximately HKD 0.677 billion for the same period in 2023. In addition, the net profit for the mid-term period of 2024 was approximately HKD 91 million, an increase of approximately 469% from the net profit of approximately HKD 16 million for the same period in 2023. The increase in revenue was mainly attributable to the increase in sales of mineral gold after the acquisition of Hong Yong Investment Co., Ltd. and its subsidiaries in July 2023. The increase in net profit was mainly due to the increase in sales volume and revenue.
Express News | Tongguan Gold Sees Hy Revenue HK$850 Mln
Express News | Tongguan Gold Sees Net Profit HK$91 Mln for 2024 Interim Period
TONGGUAN GOLD: PROFIT ALERT
After the new high in gold price, the golden industrial concept rose across the board! A summary of the performance during the interim reporting season.
① Last Friday, the spot gold price set a new record high, historically, the gold on the commodity side has risen after the Fed rate cut; ② The central bank has not increased its gold holdings for three consecutive months, but considering the many uncertainties in the future, institutions believe that the central price of gold will still move upward.
Gold Trades Near Historic $2,500 Mark on Fed Rate-cut Optimism
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