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Northbound capital trends | Northbound capital net buying of 13.896 billion. After a large placement of Xiaomi (01810), the stock price is under pressure. Northbound capital is buying on dips, nearly 8.5 billion Hong Kong dollars.
On March 25th, in the Hong Kong stock market, northbound capital had a net buying transaction of 13.896 billion HKD, of which the SH->HK Connect recorded a net buy of 8.479 billion HKD, and the SZ->HK Connect recorded a net buy of 5.416 billion HKD.
Hong Kong stocks movement | Zijin Mining Group (02899) rises nearly 3% against the trend, with last year's net profit up over 50% year-on-year, and the annual dividend payout ratio reaching 32%.
Zijin Mining Group (02899) rose nearly 3% against the trend, reaching a high of 18.68 HKD, a new high since October of last year. As of the time of writing, it is up 2.87%, quoted at 18.66 HKD, with a transaction amount of 1.828 billion HKD.
Daiwa Capital Markets: Maintains Zijin Mining Group "Buy" rating and raises Target Price to 23 Hong Kong dollars.
Daiwa released a Research Report stating that Zijin Mining Group (02899) will meet expectations for its 2024 performance, with net profit expected to grow by 51.8% year-on-year to over 32.05 billion yuan. The gross margin of the mining business increased by 8.9 percentage points to 58%, mainly driven by rising Metal prices and effective cost control. The bank maintains a 'Buy' rating for Zijin and raised the Target Price from 21.9 HKD to 23 HKD, and adjusted the earnings forecast for this year and next year by 9% and 1% respectively to reflect the continued rise in Metal prices. The bank believes that Zijin Mining Group's Copper C1 costs and overall Gold production costs are both within the lowest 20% globally.
Zijin Mining Group Reports Strong 2024 Financial Results
"3000 is just the beginning"! The "stubborn bulls" in Gold are calling for a Target Price of 4000 dollars.
Economist Peter Schiff stated that amidst the ongoing trade tensions and uncertainty over tariffs, one asset stands out: Gold.
Concerns remain as the market shows signs of recovery after hitting a bottom, with deep-sea Technology and cyclical stocks becoming the focus of attention.
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