GO
| HSI1 | 24,175.12 | +144.94 | 339.59B |
| HSCEI1 | 8,039.19 | +41.90 | 95.13B |
| Back Zoom + Zoom - Block Traded | |
|
2026-07-10 17:54:46 BofAS issued a report noting that ZIJIN MINING (02899.HK) issued a positive profit alert, expecting net profit for 1H26 to reach RMB39.1 billion, up 68% YoY, equivalent to 53% and 47% of the broker's and market's full-year forecasts respectively. For 2Q alone, net profit amounted to RMB19 billion, up 45% YoY but down 5% QoQ; recurring net profit was RMB19.4 billion, up 5% QoQ, below the broker's expectations. The broker believed the earnings miss was mainly due to weak 2Q performance from ZIJIN GOLD INTL (02259.HK). Excluding the related impact, ZIJIN MINING's 2Q earnings were broadly in line with forecasts. The broker maintained its Buy rating on ZIJIN MINING, with its positive view based on a constructive outlook for copper prices, visible growth in copper, gold and lithium production, strong cost controls, and attractive valuation. The broker noted that ZIJIN MINING is currently trading at 8x projected 2027 P/E ratio, lower than the 12x for global copper peers and 11x for gold peers, offering attractive risk-reward. As for TP, the H-share TP was set at HKD43, while the A-share TP was RMB39. (da/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |