Movement Alert|Zijin Mining Rises 4.63% in Regular Trading, JPMorgan Increases H-Share Holdings Amid Strong Earnings Growth

Market Focus07-22

On July 22, Zijin Mining rose 4.63% in regular trading, trading at 32.78 HKD/share, with turnover of 440 million HKD.

On the news front, JPMorgan increased its H-share holdings on July 15, raising its stake from 13.77% to 14.48%, while maintaining an Overweight rating with a target price of 50 HKD and continuing to list Zijin Mining as its top sector pick. Additionally, UBS Group increased its position by 14.886 million shares on July 10 at approximately 30.15 HKD per share.

Fundamentally, the company previously disclosed H1 net profit of approximately 39.1 billion yuan, representing 68% year-over-year growth, and announced a 11.136 billion yuan interim dividend plan at 4.2 yuan per 10 shares. The gold sector rallied broadly today, with Zijin Gold International up 4.16%, Lingbao Gold up 6.9%, and Chifeng Gold up 5.33%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment