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Zijin Mining Group Reports Strong 2024 Financial Results
"3000 is just the beginning"! The "stubborn bulls" in Gold are calling for a Target Price of 4000 dollars.
Economist Peter Schiff stated that amidst the ongoing trade tensions and uncertainty over tariffs, one asset stands out: Gold.
Concerns remain as the market shows signs of recovery after hitting a bottom, with deep-sea Technology and cyclical stocks becoming the focus of attention.
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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."
