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Guojin Securities: Gold stocks have a lot of room to “make up for growth” and may usher in a major upward trend
The Zhitong Finance App learned that Guojin Securities released a research report saying that in 2023, the growth rate of the cost of gold stocks will slow down. It is expected that in 2024, when gold prices rise and cost control is relatively stable, gold stocks will perform well, and the current market value of gold stocks does not reflect many expectations of rising gold prices, so there is plenty of room to “make up for growth.” The bank expects gold stocks to experience a major upward trend. It is recommended to focus on targets such as Shandong Gold (600547.SH), which has a lower market value per ton of resources. Guojin Securities's main views are as follows: Gold: It is highly recommended to pay attention to the rise in gold stocks. The Federal Reserve began to slow down its contraction, and the Federal Reserve began to cut interest rates
[Broker Focus] CITIC Securities Index Carbon Reduction Plan Promotes Green Industrial Transformation, Recommended Focus on Kunlun Energy (00135), etc.
Jinwu Financial News | CITIC Securities said the carbon reduction plan will drive the green transformation of the industry. The “2024-2025 Energy Conservation and Carbon Reduction Action Plan” reaffirms energy saving and carbon reduction target targets, implements production control for key industries, or pushes the implementation of previous energy saving and carbon reduction production limit requirements. The contraction in upstream product supply is expected to drive PPI recovery. The plan quantitatively limits segmented indicators such as energy consumption and carbon emissions at the total and industry levels. In terms of new energy sources, excessive pressure on PV supply causes prices and profits in the industrial chain to continue to be pressured, while industry expansion is gradually limited, and stock production capacity is affected by technological iterations, cost differences, inventory accumulation, and finance
Huatai Securities: Optimistic about carbon reduction and transformation or speeding up the concentration of building materials
The bank believes that the release of this action plan is expected to strengthen the regulation of production capacity in the building materials industry, promote the implementation of energy-saving transformation in the building materials and construction industry, and accelerate the integration of photovoltaics in buildings and the construction of large scenic bases. It is recommended to focus on companies related to cement, engineering transformation, and power engineering.
Trending Industry Today: ZHAOJIN MINING Leads Losses In Golden Industrial Concept Stocks
May 30th - The industry of $Golden Industrial Concept(LIST1222.HK)$ is trending lower today with 5 constituents down and ZHAOJIN MINING leading Losses.$ZHAOJIN MINING(01818.HK)$ slides 4.81% to HK$13.
High US interest rates caused international gold prices to fall, and gold stocks were under pressure, Zhaojin Mining (01818) fell 2.55%
Jinwu Financial News | Gold stocks opened under pressure. Zhaojin Mining (01818) fell 2.55%, Zijin Mining (02899) fell 2.34%, China Gold International (02099) fell 1.43%, and Lingbao Gold (03330) and Shandong Gold (01787) followed suit. The US dollar and US bond yields rose hand in hand, dragging down the performance of gold prices. Overnight, New York futures closed at $2341.2 an ounce, down 0.6%. Industry insiders said that the recent trend of maintaining high interest rates in the US for a longer period of time will support the US dollar and US bond yields to remain high, putting some pressure on the precious metals market.
[Broker Focus] Haitong International: The mineral resources business of China Railway (00390) represented by China Railway (00390) is expected to usher in a revaluation
Jinwu Financial News | According to Haitong International Development Research, China Railway (00390) has the highest domestic copper, cobalt, and molybdenum holdings, accounting for 14% of resource profits. Currently, 5 modern mines have been built with wholly-owned, controlled, or shareholding investments at home and abroad, namely Heilongjiang Luming Molybdenum Mine, Congo (Gold) Lusha Copper-Cobalt Mine, MKM copper-cobalt mine, Huagang SICOMINE copper-cobalt mine, and Mongolia's Ulan lead-zinc mine. By the end of 2023, the amount of copper, molybdenum, and cobalt equity resources was 323.74, 51.59, and 2391,000 tons, respectively, of the Luoyang Molybdenum Industry (03993)
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