Stock Track | Jiaxin International Resources Soars 5.73% Intraday on CICC Target Price Upgrade and Share Buyback Plan

Stock Track05-05

Jiaxin International Resources' stock soared 5.73% during Tuesday's intraday trading session, significantly outperforming its peers in the Diversified Metals and Mining sector.

The sharp rise was driven by dual catalysts that boosted market confidence. First, CICC raised the company's target price by 67% to 158.3 HKD. Second, the company announced authorization to buy back up to 10% of its issued shares.

The stock had previously undergone correction due to a phased retreat in tungsten concentrate spot prices and increased recycled tungsten supply, but after short-term profit-taking was realized, valuation recovery momentum has gradually emerged.

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