On September 18, WANGUO GOLD GP rose 3.43% in regular trading, trading at 15.73 HKD/share, with turnover of HKD 347 million. The stock rebounded from the prior session's 3.48% decline as gold prices staged a strong recovery following the Fed's September rate decision.
On the news front, the Federal Reserve delivered a widely expected 25-basis-point rate hike at its September meeting. Hawkish signals initially drove spot gold down to $4,234.68/oz, but prices quickly reversed course, surging 1.83% to around $4,341/oz, and continued to trade near $4,348 during the Asian morning session. The classic \"sell the rumor, buy the fact\" pattern lifted gold-related equities broadly.
On the fundamental side, WANGUO GOLD GP reported robust H1 results with revenue of RMB 1.863 billion, up 50.2% year-over-year, and net profit attributable to shareholders of RMB 905 million, up 50.7%. The flagship Gold Ridge mine delivered revenue of RMB 1.38 billion with gross margin expanding to 81%, while the company's expansion projects continue to advance steadily, providing additional valuation support.
(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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