Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down3.000 -0.020 (-0.662%)

11/11/2019 18:01

{I-bank focus}CS starts Zijin Mining (02899) at HK$4

[ET Net News Agency, 11 November 2019] Credit Suisse initiated coverage on Zijin Mining
(02899) with an "outperform" rating and a target price of HK$4.
The research house said Zijin's well-structured product-mix provides earnings resilience
and volume growth potential. Credit Suisse estimated the gold price to average at
US$1,570/oz (+11% YoY) in 2020; and together with 3% higher gold production, it estimated
Zijin's net profit to reach Rmb4.4 bn/Rmb5.5 bn/Rmb5.6 bn in 2019/20/21.
Credit Suisse said Zijin is a diversified metal producer, with a focus on gold. Revenue
from gold/copper account for 60%/30% of total revenue. The mix gives Zijin more resilience
in earnings, making the company more immune to sharp changes in any single product's
price. (KL)

Remark: Real time quote last updated: 06/12/2019 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2019 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.