On August 6, JIAXIN INTL RES rose 5.77% in regular trading, trading at 61.1 HKD/share, with turnover of 88.58 million HKD. The rally was driven by renewed signs of tungsten price increases following July stabilization, coupled with geopolitical risk factors boosting valuation.
Domestic tungsten prices have shown upward momentum after bottoming in July, while overseas premium rates reached historical highs. Geopolitical tensions have further amplified tungsten price elasticity, with the price center facing potential re-elevation. CICC forecasts the global tungsten supply-demand gap will reach 23,000 tons, reinforcing the volume-price growth thesis. On the company front, H1 profit attributable to equity holders reached approximately 14.5 to 15.5 billion HKD, a significant turnaround from a 6 million HKD loss in the prior-year period. The company also launched an H2 share buyback plan of up to 200 million HKD, having already repurchased 150,000 shares in July.
(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.)
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