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Taung Gold International Trims Fiscal H1 Loss
taung gold (00621.HK) reported a basic loss attributable to owners of approximately 7.4 million Hong Kong dollars for the first half of the fiscal year.
Gelonghui, on November 28, announced that Taung Gold (00621.HK) reported its interim results for the six months ended September 30, 2024, with a basic loss attributable to the company's owners of approximately 7.4 million Hong Kong dollars, or a basic loss of 0.04 Hong Kong cents per share, compared to a basic loss attributable to the company’s owners of approximately 8.876 million Hong Kong dollars, or a basic loss of 0.05 Hong Kong cents per share, for the period ended September 30, 2023. As of September 30, 2024, the group had no outstanding bank loans and no bank financing. As of September 30, 2024, the group's cash and cash equivalents balance was approximately 8.
TAUNG GOLD: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Gold prices have regained upward momentum! Is there still upward potential in the market? How should gold retail brands respond? | Industry dynamics
① After six consecutive declines in spot gold prices, which created the largest weekly drop in three years, this week it regained its upward momentum; ② The listing prices of pure gold trinkets in most domestic brand gold stores are once again nearing 800 yuan per gram, and high gold prices have weakened consumer enthusiasm for purchasing gold; ③ Chow Tai Seng jewellery adopts a strategy to increase low average transaction price and emphasize strong design products; Chow Tai Fook has launched differentiated product series such as Chuanfu and the Palace Museum, which has boosted sales.
Why Gold Is Looking Better Than Stocks in 2025
The three major Hong Kong stock indexes continued to show a volatile trend, with the lithium battery and golden industrial concept sectors performing prominently.
① Why have international gold prices strengthened? ② What news has stimulated the strength of consumer electronics stocks? ③ Has the short sell ratio in the Hong Kong stock market shown a decline?
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