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Zijin Mining Group Chairman Chen Jinghe discusses acquisition strategy. High-value projects still exist in the Industry despite high positions | Coverage of the Earnings Conference.
① Chen Jinghe believes that, despite the current high running levels in the Industry, there are still projects with good cost performance; ② Chen Jinghe explained the company's merger strategy from four aspects.
Citigroup: Raises the Target Price for Zijin Mining Group to HKD 24.4, rated "Buy."
Citi released a Research Report stating that Zijin Mining Group (02899) reported a Net income of 32.1 billion yuan RMB last year, a 52% year-on-year increase, which is in line with the earlier profit upgrade. Excluding one-time items, the recurring Net income rose 47% year-on-year to 31.7 billion yuan RMB, meaning that the profit in the fourth quarter of last year increased by 55% year-on-year to 7.7 billion yuan RMB. A final dividend of 0.28 yuan RMB was declared, with a total annual dividend of 0.38 yuan RMB, resulting in a payout ratio of 32%. The bank has raised its Net income forecast for Zijin this year by 2% to 39.4 billion yuan RMB, while lowering the forecast for next year by 11% to 44.9 billion yuan RMB, and expects it to reach 52.4 billion yuan RMB by 2027. The bank has
UBS Group: Raised the Target Price of Zijin Mining Group to 24.5 Hong Kong dollars, rating "Buy".
UBS Group released a Research Report stating that Zijin Mining Group (02899) achieved a net profit of 32.051 billion yuan last year, aligning with previous profit forecasts, with a final dividend of 0.28 yuan per share, leading to an annual dividend payout ratio of 32%. The bank expects investors to react positively to this performance and that the dividend payout meets market expectations. Additionally, it raised the company's profit forecast for this year by 10% to 41 billion yuan, increasing the Target Price from 22.3 HKD to 24.5 HKD, while maintaining its rating as "Buy."
Gold prices are soaring, but jewelers in Asia and the Middle East are not smiling.
Jewelry merchants across Asia and the Middle East are striving to cope with the issue of declining jewelry demand.
Hong Kong stocks move | Most copper industry stocks rise as copper prices break through the $0.01 million mark. The CEO of BHP Group Ltd expects a huge gap in future copper supply.
Most copper stocks rose in early trading. As of the time of reporting, CMOC Group Limited (03993) increased by 10.08%, trading at 6.77 HKD; JIANGXI COPPER (00358) rose by 5.32%, trading at 14.26 HKD; MMG (01208) rose by 4.15%, trading at 3.01 HKD.
Hong Kong Stock Concept Tracking | BHP Group Ltd believes there will be a significant gap in Global Copper supply in the future, and the USA's copper grabbing is causing global chaos (with concept stocks attached).
The CEO of BHP Group Ltd stated that the global Copper supply gap will reach 10 million tons in the next decade.
