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<Research>UBS: ZIJIN GOLD INTL (02259.HK) Rating Kept at Buy as 2025 Profit Far Beats
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ZIJIN GOLD INTL (02259.HK)'s 2025 net profit surged by 233% YoY to US$1.6 billion, reaching the upper end of its preliminary earnings forecast previously announced, ahead of the expectations of UBS/ the market by US$300 million/ US$200 million respectively, UBS released a research report saying. The Group announced a full-year DPS of $1.5, with a payout ratio below 32%, roughly similar to Zijin Mining's 31%. Recent gold prices may continue to be affected by macro uncertainties such as the Middle East conflict and oil price volatility, which may negatively impact market sentiment for gold miners. However, UBS remained constructive on the outlook for gold prices, suggesting that recent share price weakness may provide a more attractive buying opportunity for gold miners. Therefore, the broker kept rating at Buy and a target price of $297. AASTOCKS Financial News Website: www.aastocks.com |
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