JPZJGLD@EP2612A

$Zijin Gld HK SDR 10to1(HZGD.SG)add more below $2

$Zijin Gld HK SDR 10to1(HZGD.SG)

Doing good, hold!

$Zijin Gld HK SDR 10to1(HZGD.SG) lets see😉

$ZIJIN GOLD INTL(02259.HK) Keeping two hands to squat in was right, although I didn't have the courage to buy heavily on the first day, still not good at trading new stocks

$ZIJIN GOLD INTL(02259.HK)I sold too early...crying in the bathroom

$ZIJIN GOLD INTL(02259.HK) Sold 200 out of 400, current market cap just reached the fast-track inclusion threshold for Stock Connect, ready after the 17th, reference:

If a new stock's closing market cap on its first trading day enters the top 10% of the Hang Seng Composite Index, it will be included in Stock Connect after ten trading days

1. Hang Seng Composite Index has 500 constituents, the 50th being China Unicom H at HKD 250 billion

2. If Zijin Gold's post-listing market cap reaches HKD 250-270 billion on 9.30, it will (soon) enter the Hang Seng Composite Index

3. As it has no A-shares, it will be included in Stock Connect on 10.17 (HK market closed on 10.1 and 10.7)

$ZIJIN GOLD INTL(02259.HK)Key point: The company's compound annual growth rate (CAGR) of production from 2022 to 2024 reached 21.4%, ranking first among the world's top 15 gold companies, far exceeding the second place's 9.3% growth rate. During the same period, the CAGR of revenue was 28.2%. Coupled with the Fed's interest rate hike cycle and the rising gold market, the company's performance growth is expected to continue.

In summary, the company has advantages in resources, operational efficiency, and profitability, with strong potential for sustained growth and excellent fundamentals.

From the perspective of this issuance structure, the sponsors are Morgan Stanley and CITIC, a strong alliance. There are 29 cornerstone investors, even surpassing CATL's 23, with a mix of well-known domestic and foreign investors, making the lineup quite impressive. Although the clawback mechanism B is used, the fundraising amount is substantial at HKD 24.98 billion, second only to CATL's HKD 31 billion IPO in May 2025 on the Hong Kong stock market. It is the second-largest IPO in Hong Kong this year, with a public offering of HKD 2.498 billion and a large volume, which helps improve the lottery success rate.

From a market sentiment perspective, recently listed Health 160 and GenFleet Therapeutics saw their grey market and first-day trading prices rise by over 100%. Since the implementation of the new rules, no B-share mechanism stock has broken its issue price. Moreover, Zijin Gold International has excellent fundamentals and is unanimously favored by institutions. Subscription enthusiasm is expected to be high. As of 16:51 on September 19, the public offering margin financing amount was HKD 14.772 billion, oversubscribed by 4.91 times. Additionally, according to the inclusion rules of the Stock Connect, if the company's market capitalization on the first day of listing ranks in the top 10% of the Hang Seng Composite Index constituents, it will be directly included in the Hang Seng Composite Index after the 10th trading day, effective on the 11th trading day. The current inclusion threshold is HKD 164.619 billion. Zijin Gold International is expected to be included in the Connect on the 11th trading day. Interested investors can continue to monitor the subscription situation of this stock.

$ZIJIN GOLD INTL(02259.HK)28 cornerstone investors, the first time I've seen so many in my memory

Forward a meeting minutes: Zijin Gold International PDIE Minutes

1. As of now (excluding the newly acquired Kazakhstan project in 2025), the total reserves of existing mines are about 845 tons, of which 435 tons were added through independent exploration, demonstrating its strong exploration capability.

2. Production: 26/27 years respectively

57/60 tons, 100 tons in 30 years. To achieve the 2030 target, the company plans to supplement 30 tons of production through M&A, focusing on projects close to production with annual capacity ≥5 tons

3. 25H1 actual all-in sustaining cost

(AISC) $1548/oz

4. For every 1% increase in gold price, it is expected to drive 2.4% growth in the company's 2026 EPS

5. If using $3600/oz gold price assumption, the 2026 implied P/E ratio would drop to 11-14x