Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Initiates Buy Rating on ZIJIN GOLD INTL; Growth Phase Expected in Coming Yrs
Recommend 13 Positive 31 Negative 7 |
||||
|
||||
|
As ZIJIN GOLD INTL (02259.HK) increases production across its mines, the company is expected to enter a growth phase in the coming years thanks to its strong balance sheet, HSBC Global Research released a report saying. In addition, ZIJIN GOLD INTL's effective cost control and successful turnaround of underperforming assets provide support for profit margins. HSBC Global Research rated ZIJIN GOLD INTL as Buy for the first time, with a target price of HKD178. A 1% increase in the gold price is estimated to signal an upside of about 1.4% in earnings. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
