Movement Alert|LINGBAO GOLD Rises 5.37% in Regular Trading, Gold Sector Strengthens as Broker Maintains Overweight Rating

Market Focus07-31 10:04

On July 31, LINGBAO GOLD rose 5.37% in regular trading, trading at 19.28 HKD/share, with turnover of approximately 74.32 million HKD. The rally was driven by continued strength in the Hong Kong gold sector combined with a recent broker rating reaffirmation.

Xingye Securities maintained its Overweight rating on LINGBAO GOLD, forecasting net profits attributable to shareholders of RMB 2.139 billion, RMB 2.516 billion, and RMB 3.813 billion for 2026-2028 respectively, corresponding to P/E ratios of 10.4x, 8.9x, and 5.9x. The broker noted that the company has entered an accelerated earnings release phase, with resource reserves and profit levels expected to rise further, while current valuation remains below the sector average.

Within the Gold sector, CHIFENG GOLD rose 5.64%, ZIJIN MINING rose 3.2%, SD GOLD rose 2.87%, CHINAGOLDINTL rose 2.57%, and ZIJIN GOLD INTL rose 1.69%, reflecting broad-based sector strength.

(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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