601899 Zijin Mining Group
- 18.47
- -0.74-3.85%
Zijin Mining Group News
Crazy Gold: The price of gold returns to the "7" level, with many companies reporting profit growth.
Looking ahead, there is high certainty of continued strong performance for the gold market, which presents an opportunity for valuation repairs in the sector.
Brokerage Focus: CITIC Securities expects a turbulent upward trend in the A-share market in the second half of the year.
Jingu finance news | CCB international releases its outlook on Hong Kong stock market strategy for the second half of the year. The Hong Kong stock bear market since 2023 ended in January this year and has entered a shaking bull market. The Chinese fundamentals remain moderately repaired, and the policy tone continues to be based on stability. The chance of issuing strong stimulus policies is small, and the "strong production and weak demand" pattern will persist for a while, with a slight fluctuation in corporate profit recovery. The orderly slowdown of inflation and employment in the United States, along with a moderate economic growth, is expected to result in the earliest Fed rate cut in September this year and marginally benefit Hong Kong stock liquidity. The Hang Seng Index is currently at a historically low valuation level, and listed companies are actively buying back and increasing dividends.
Citigroup: Initiating a 30-day positive catalytic observation on Zhaojin Mining and Zijin Mining Group, with a 'buy' rating for both.
Citigroup's research report states that due to the expected increase in gold prices, gold producers such as Zhaojin Mining (01818) and Zijin Mining Group (02899) have opened a 30-day positive catalytic observation. The target price for Zhaojin Mining is HKD 18.9 and for Zijin Mining Group it is HKD 21.9, both rated as 'buy'.
Citi: Starts a 30-day positive catalytic observation on Zhongjin and Purple Gold, both rated as "buy".
In a report released by Citi, it was pointed out that the expected rise in gold prices will benefit gold producers, and a 30-day positive catalytic observation will be opened for Zhaojin Mining Group and Zijin Mining Group. The bank's target price for Zhaojin is HKD 18.9 and for Zijin is HKD 21.9, both rated as "buy."
According to Morgan Stanley, tight supply will support copper prices in the near term, with positive reactions expected from Zijin Mining Group and CMOC Group Limited.
According to a research report released by Morgan Stanley, recent industry news suggests that some anode and crude copper producers have temporarily suspended the production of squeezed waste copper, which will cause a short-term decline in refined copper production. Morgan Stanley believes that, coupled with the current tight supply of copper concentrate, it will continue to support copper prices in the short term, and expect a positive response from the industry’s Zijin Mining Group (02899) and CMOC Group Limited (03993). The State Administration for Market Regulation has earlier issued new “Regulations on Fair Competition Review”, which clearly stipulates that no tax preferences, selective differentiated financial rewards or subsidies shall be provided to specific operators without legal or administrative regulations basis or without the approval of the State Council.
Huili: bullish on gold's performance in the second half of the year, a chance to buy in on a dip to $2300.
Zhao Shande said that from a technical perspective, any pullback to the strong resistance at $2300 can provide a good buying opportunity for investors, reflecting that gold has a certain defensive capability.
The probability of interest rate cuts in September is 100%! International gold prices have soared to a new high. Analysts believe it will soon challenge $2500.
Will it continue to ramp up?
Zijin Mining Buys 9.9% Stake in Canadian Miner Montage; Shares Fall 3%
Zijin Mining (HKG:2899, SHA:601899) will purchase a 9.9% stake in Montage Gold through the Canadian miner's brokered private placement, according to a Tuesday press release by Montage.The Chinese
Watch These Important Gold Price Levels As Metal Hits Record High
Gold (GOLD) prices climbed to set a new record high on Tuesday as investors move into the precious metal amid rising expectations that the Federal Reserve will lower its benchmark interest rate in September. Falling rates increase the non-yielding commodity’s demand by reducing its opportunity holding cost relative to interest bearing assets, such as fixed-income securities.
There's Been No Shortage Of Growth Recently For Zijin Mining Group's (HKG:2899) Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Amongst other things, we'll want to see two things; firstly,
Hong Kong stocks have abnormal movements | Golden industrial concept companies collectively opened high, the expectation of interest rate reduction in September is full, and gold prices have set a new historical high again.
Golden industrial concept collectively started trading higher. As of press time, Lingbao Gold (03330) rose 5.11%, trading at HKD 3.7; Zhaojin Mining (01818) rose 4.79%, trading at HKD 16.62; SD Gold (01787) rose 3.74%, trading at HKD 18.32.
Hong Kong stock concept tracking: With the dual support of "rate cut trade" and "Trump trade", gold hits historical high. Institutions believe there is still room for further increase (with concept stocks attached).
According to the latest research reports from UBS Group, investors are still interested in buying gold on dips, as gold still has room for an upside. It is recommended to increase the allocation of gold.
Spot gold hits new highs again! With positive factors accumulating, will the gold price reach $3,000 next?
As the market's expectations for the Fed's interest rate cut heated up, and some traders increased their bets on Trump's re-election, the international gold price reached a historic high.
China's Zijin Mining to Take 9.9% Stake in Montage Gold
"Rate cut trade" and "Trump trade" double blessing: Gold prices approach historic highs.
The market's expectation of a rate cut in September has pushed up the price of gold, while the failed assassination attempt on Trump has further boosted demand for metals as a safe haven.
Montage Gold Corp Brief: Announcing Strategic Investment By Zijin Mining, C$170 Million Equity Raise Launched To Advance the Kone Project
06:57 AM EDT, 07/16/2024 (MT Newswires) -- Montage Gold Corp Brief: Announcing Strategic Investment By Zijin Mining, C$170 Million Equity Raise Launched To Advance the Kone
Express News | JPMorgan Chase's Short Position in H-Shares of Zijin Mining Decreases to 1.96% on July 10 From 2.67% - HKEX
China Securities Co., Ltd.: the US interest rate cut boosts the prices of precious metals and basic metals, and the demand for new quality productivity opens a new era for small metals.
Zhongxin Jiantou Securities released a research report stating that metals and limited-supply non-ferrous commodities have performed well in the first half of the year, mainly reflecting three core logic:
HK stock concept tracking | Market focuses on Fed interest rate cut signal, institutions bullish on long-term trend of metals and non-ferrous commodities (with concept stocks)
China Securities Co., Ltd.: Long-term trend of metals and non-ferrous commodities is still bullish.
Interpretation: Northbound funds sold off A shares at a net value of 2.94 billion yuan, selling off boe technology group and investing in zijin mining group.
The net sales volume of A shares by northbound funds was 2.94 billion yuan today. Among them, BOE Technology Group, Zhongji Innolight, and Midea Group Co., Ltd. were net sold for 0.724 billion yuan, 0.308 billion yuan, and 0.3 billion yuan, respectively; while Zijin Mining Group and CMOC Group Limited were net bought for 0.305 billion yuan and 0.246 billion yuan, respectively.
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