Gold

ZIJIN MINING

Citi Maintains 'Buy' Rating on Zijin with HK$51.8 Target, Reaffirms 2026 Output Guidance

BlackRock Acquired 2.186 Million Shares of Zijin Mining on May 29, Holding Stake Reaches 8%

Zijin Mining's Subsidiary Norton Gold Mines Launches Autonomous Fleet in Australia

Zijin Longxing Delivers First Batch of Electric Dump Trucks to Julong Copper Mine, Achieving Commercialization

Zijin Mining to Hold Annual General Meeting on June 5, Proposes Dividend of 3.8 CNY per 10 Shares

HSBC Research Releases H-Share Copper Report: Zijin, CITIC, and Meiliyun Get Buy Ratings

Zijin Mining Reports Significant Q1 2026 Growth

Zijin Mining Plans to Expand Peru's La Arena Mine

Zijin Mining's Acquisition of Allied Gold Regulatory Approval Progressing, Targeted for Completion by May 29

Goldman Sachs Maintains Buy Rating on Zijin Mining, Adjusts Target Price

BOC International Cuts Zijin Mining Target Price to HKD 46.84

Goldman Sachs Maintains Buy Rating on Zijin Mining

JPMorgan 发表研究报告分析 Zijin Mining 业绩和评级

DBS Analyst Maintains Buy Rating on Zijin Mining

Company Sees Significant Growth in Core Financial Indicators and Improved Performance

Zijin Mining released FY2026 Q1 earnings on April 21 After-Market (BJT), actual revenue HKD 111.67 B (forecast HKD 127.09 B), actual EPS HKD 0.8344 (forecast HKD 0.9176)

Zijin Mining Completes RMB 2.5 Billion A-share Repurchase Program

ZIJIN MINING to Release FY2026 Q1 Earnings on April 21 After-Market (BJT), Forecast Revenue HKD 127.05 B, EPS HKD 0.9176

Zijin Mining repurchased 4.7 million A-shares

Zijin Mining Repurchased 5 Million A-Shares

XINMING CHI RTS

MILLION CITIES

KOALA FIN GP

KNOWLEDGE ATLAS

PARENTING NET

MOMENTUM FIN

ASIA GROCERY

ZHONGLIANG HLDG

HUILI RES

ZO FUTURE GROUP

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Vanke Gold Group(3939.HK) fell 8% to HK$9.61; Hang Seng Index down over 2% amid Fed rate hike expectations, peer Zijin Mining also declined over 4.5%.

HK Stock Market Update

WANGUO GOLD GP

Zijin Mining

Hang Seng Index

TRACKER FUND

ISHARESHSI

FL2 CSOP HSI

FI CSOP HSI

FI2 CSOP HSI

Vanke Gold Group Slides 8% as Hang Seng Index Drops Over 2%

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Spot gold reclaimed USD4,300 following a US-Iran agreement, driving a rally in mining stocks. Zijin Mining surged over 7%, while other non-ferrous metal stocks like CMOC and Jiangxi Copper also advanced significantly.

AASTOCKS News

JIANGXI COPPER

JCCL

CMOC

ChinaAMC Gold ETF

SPDR Gold Shares

ETFS Capital Ltd.

Abrdn Gold ETF Trust

SPDR Gold Minishares

iShares Gold Trust

Pro Ultr GLD

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

ZIJIN GOLD INTL

LINGBAO GOLD

ZHAOJIN MINING

Fenglin Group

CHINFMINING

Spot Gold Reclaims USD4,300; ZIJIN MINING Swells 7%+

Zijin Mining Group adjusted the conversion price of its US$1.5 billion convertible bonds from HK$63.30 to HK$62.65 per H share, effective June 17, 2026. This change follows the approval of a RMB3.8 per 10 shares cash dividend for 2025, which triggered an automatic adjustment clause. The lower threshold slightly increases potential dilution while other bond terms remain unchanged.

Tip Ranks

Zijin Mining Lowers Convertible Bond Conversion Price After Dividend Payout

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CHOW TAI FOOK(01929) rose 15.2%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 3.4%. CMOC(03993) rose 12.17%, with a trading turnover 1.9 Billion HKD, and a year-to-date fell 0.6%. MINIMAX-W(00100) fell 8.97%, with a trading turnover 769.3 Million HKD, and a year-to-date rose 140%. GIGADEVICE(03986) fell 4.88%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 305.5%.

- The Hang Seng Index rose 1.93%, with a year-to-date decline of 3.6%.  
- The Hang Seng Tech Index increased by 1.06%, but has seen a 14.7% drop this year.  
- Notable stocks include Chow Tai Fook, up 15.2% with a turnover of 1.44 billion HKD, and Luoyang Molybdenum, up 12.17% with a turnover of 1.9 billion HKD.

Top Gainers&Losers

CHOW TAI FOOK

LI AUTO-W

MINIMAX-W

GIGADEVICE

BIREN TECH

Lens

MONTAGE TECH

Top 5 HK Stock Gainers/Losers (>100B) (6.12)

STECH

The Hang Seng Index rose 468 points (1.9%) to close at 24,718, while the Hang Seng Tech Index gained 49 points (1.1%). Market turnover reached HK$316.44 billion. Major gainers included Chow Tai Fook (+15.2%), CMOC (+12.2%), and Zijin Mining (+7.9%). Bank of Communications and Bank of China hit new highs. Conversely, Haizhi Tech GP fell 15.5%.

Hang Seng TECH Index

Bank Of Communications

Bank of China

BANKCOMM

BANK OF CHINA

Bank Of China

HSTECH ETF

CSOP HS TECH

ISHARESHSTECH

XL2CSOPHSTECH

XI2CSOPHSTECH

HSI Up 468 pts; HSTI Up 49 pts; CHOW TAI FOOK Up over 15%; BANKCOMM, BANK OF CHINA Hit New Highs; Market Turnover Rises

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Goldman Sachs updated earnings forecasts for China's basic materials and agriculture sectors, adjusting commodity price predictions. It lowered estimates for steel, cement, gold, and paper, while raising those for copper and coal. The bank remains constructive on coal and copper but cautious on aluminum and lithium. Specific target prices and ratings were adjusted for various companies including Maanshan Iron & Steel, Conch Cement, China Shenhua, and Zijin Mining.

CONCH CEMENT

MAS C.L.

CSEC/China Shenhua

MAANSHAN IRON

China Shenhua Energy

CHINA SHENHUA

ANGANG STEEL

ANSTEEL

BBMG

CNBM

WESTCHINACEMENT

CR BLDG MAT TEC

CHINA COAL

China Coal Energy

YANKUANG ENERGY

CHALCO

CHINAHONGQIAO

CHINA NATIONAL BUILDING MATERIAL CO UNSP ADR EACH REPR 50 ORD

G Sachs Adjusts Earnings Forecasts for China Commodities and Basic Materials Stocks, Raises TP for Coal Stocks

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Goldman Sachs updated ratings and target prices for various resource stocks. In steel, it maintained 'Sell' on Angang and Ansteel, and 'Neutral' on Baosteel and Maanshan. For coal, China Coal was upgraded to 'Buy', while Yankuang was downgraded to 'Sell'. Cement stocks like Conch remained 'Buy'. Basic metals saw mostly 'Buy' or 'Neutral' ratings for Zijin Mining and Jiangxi Copper. Paper stocks ND Paper and Sun Paper were rated 'Sell'.

Baosteel

SUN PAPER

ND PAPER

G Sachs' Latest Ratings and TPs on Resource Stocks (Table)

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The Hang Seng Index opened down 167 points, driven by US-Iran standoff tensions and US inflation concerns which also dragged down US markets. Major tech stocks like Tencent, Meituan, and Alibaba declined slightly. Lenovo Group slumped 5%, while BYD and Zijin Mining also fell. Conversely, CATL rose ~2% and Pop Mart gained nearly 1% amid increased holdings.

- US-Iran negotiations remain stalled, raising concerns about US inflation risks and leading to a significant decline in stock markets.  
- The DJIA fell 620 points to close at 50,687, with notable drops in the S&P 500 and Nasdaq, while Asian markets also experienced losses at opening.  
- Major tech stocks like TENCENT and MEITUAN-W were pressured by short selling, though CATL and POP MART showed some gains despite the overall downturn.

Lenovo Group

Meituan

CATL

MEITUAN

POP MART

LENOVO GROUP

Dow Jones Industrial Average

S&P 500

NASDAQ Composite Index

Hang Seng China Enterprises Index

TENCENT

Tencent

BABA-W

Alibaba

BYD COMPANY

LENOVO GROUP-R

CATL HK SDR 30to1

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

MEITUAN-WR

Meituan HK SDR 5to1

BABA-WR

Alibaba HK SDR 5to1

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

POP MART HK SDR 20to1

HSI Opens Down 167 pts; LENOVO GROUP Slumps 5%; CATL Up ~2% Against Mkt

HK stocks surged over 500 points, with the HSI closing up nearly 2% and the HSTECH rising over 4%. Tech giants led gains: Tencent jumped 9.7% on AI assistant rumors, Meituan rose 8.5% following analyst upgrades, Alibaba gained 5.9% after a new model release, and JD.com advanced 5.4% due to strong '618' sales. BYD also climbed 6.5% on record overseas sales. Resource stocks rallied, with CMOC and Zijin Mining up over 5%.

- US President Donald Trump anticipates reaching an agreement with Iran within a week, coinciding with US stock indices hitting record highs.  
- The HSI opened lower but gained significantly, closing up 502 points, driven by strong performances in heavyweight tech stocks like Tencent and Meituan.  
- BYD reported an 80.7% year-on-year increase in overseas sales, while resource stocks also performed well, contributing to the market's overall growth.

JD.com

JD-SW

SMIC

KUAISHOU-W

Li Auto

JD-SWR

SMIC HK SDR 5to1

KUAISHOU-WR

HK Stocks Extend Gains to Over 500 pts in PM; HSTECH Up Over 4%; TENCENT , MEITUAN-W  Surge 8%-10%; Resource Stocks Rally

ZIJIN MINING(02899.HK)