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<Research>BofAS Lifts ZHAOJIN MINING's TP to HKD44; 2025 Results Beat
Recommend 2 Positive 4 Negative 1 |
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According to a BofA Securities research report, ZHAOJIN MINING (01818.HK) delivered strong results for FY25, with revenue/ net profit after tax growing by 56%/ 149% YoY to RMB18 billion/ RMB3.6 billion, far above the broker's expectations. During the period, gold prices in China ranged from RMB794 to RMB812 per gram, boosting ZHAOJIN MINING's performance. Total gold production rose by 3% YoY to 27.2 tons, with mined gold production increasing by 8% YoY to 19.8 tons and refined gold production dropping by 8% YoY to 7.4 tons. Optimistic about the gold price outlook, BofA Securities has reiterated a Buy rating for ZHAOJIN MINING, with a target price of HKD44. AAStocks Financial News |
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