Movement Alert｜SD GOLD falls 3.09% in Regular Trading, Q3 swung to a loss as funds turned cautious after earnings

Market Focus10-29

On October 29, SD GOLD fell 3.09% in Regular Trading, trading at HK$16.55, with turnover of HK$49.77 million.

The clearest catalyst was the company’s latest quarterly report released on October 28, which showed third-quarter revenue of CNY36.91 billion, up 36.63% year over year, but attributable net profit swung to a loss of CNY362.5 million from a profit a year earlier. For the first nine months, attributable net profit was CNY3.181 billion, down 19.60% year over year.

The filing said the earnings change was mainly due to lower self-produced gold output and lower sales volume. Separately, A-share trading data showed main funds were net sellers of CNY209 million on October 28, reinforcing a cautious market response after the earnings release.

(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