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<Research>Macquarie Lifts ZHAOJIN MINING's NP Forecast, Sets TP at HKD42 w/ Unchanged Outperform Rating
Recommend 10 Positive 13 Negative 8 |
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ZHAOJIN MINING (01818.HK) is expanding its gold mine portfolio and achieving organic growth through exploration, Macquarie commented in its research report. Recent industry activities disclosed that ZHAOJIN MINING's key project, the Haiyu Gold Mine, is currently under construction and is expected to commence production between the end of 2027 and early 2028. Macquarie lifted its 2025-27 net profit forecasts for ZHAOJIN MINING by 10%/ 74%/ 50% to RMB3.617 billion/ RMB4.991 billion/ RMB4.293 billion to reflect expectations of higher gold prices and increased costs. ZHAOJIN MINING's target price is set at HKD42, with an Outperform rating remaining in place. AAStocks Financial News |
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