Movement Alert|ZIJIN GOLD INTL Rises 3.2% in Regular Trading, Parent Zijin Mining H1 Net Profit Surges 68% Continues to Boost Sentiment

Market Focus
Yesterday

On August 26, ZIJIN GOLD INTL rose 3.2% in regular trading, trading at HK$163.7/share, with turnover of HK$239 million.

On the news front, parent company Zijin Mining previously disclosed its interim results, reporting H1 net profit attributable to shareholders of RMB 39.17 billion, up 68.17% year-over-year, with gold business gross profit accounting for 41.7% of group total and mineral gold output of 46.70 tonnes, up 13.4% YoY. ZIJIN GOLD INTL itself reported H1 profit attributable to owners of US$1.451 billion, surging 179% YoY, with revenue doubling to US$3.99 billion. The company also declared its first-ever interim dividend of HK$1.50 per share since listing. Citi recently initiated coverage with a Buy rating and a target price of HK$178. The gold sector performed strongly overall, with China Gold International up 5.23%, Lingbao Gold up 3.46%, Chifeng Gold up 2.01%, and Zhaojin Mining up 1.77%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10