MBZJGLD@EC2610A

DBS Analyst Maintains Buy Rating on Zijin Gold International, Sets Target Price at HKD 253.00

Zijin Mining provides guarantee for its wholly-owned subsidiary

Zijin Gold International Aims to Acquire Allied Gold Corporation

Zijin Gold International Expanding Global Gold Investment Portfolio

Zijin Gold International Plans to Acquire Barrick Gold for CAD 5.5 Billion

Guosen Securities Maintains Buy Rating on Zijin Gold International

Morgan Stanley Report: Zijin Gold International Surpasses Earnings Expectations in 2025

Zijin Gold International Expected Net Profit of $1.5-1.6B in 2025, Up 212%-233% YoY

HSBC Global Research Upgrades Zijin Gold International to Buy Rating

BNP Paribas Upgrades Zijin Gold International to Outperform

Morgan Stanley Initiates Overweight Rating for Zijin Gold International with a Target Price of HKD 175

Zijin Gold International Concludes Global Offering Stabilization Period

Zijin Gold International achieves net profit of $905 million in first three quarters, looks to increase production and efficiency in Q4

Zijin Gold International Reports $905 Million in Net Profit for 9 Months Ending September 2025

Northeast Securities Gives Goldwind International Buy Rating and Predicts Growth

Zijin Gold International exercises over-allotment option to issue 52.3486 million shares

Zijin Gold International Completes Acquisition of Kazakhstani Raygorodok Gold Mine

UBS Initiates Coverage of Zijin Gold International with a Buy Rating and Raises Target Price to HKD 189

Zijin Mining Compensates Villagers with Shares, Making Them Unintentional Millionaires

Zijin Gold International Fully Exercises Over-allotment Option

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KEEN OCEAN

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Peter Schiff argues that Bitcoin has lost over 66% of its value against gold since its peak in November 2021, where one Bitcoin could buy 34.5 ounces of gold, now down to 12 ounces. A $10,000 investment in Bitcoin would be worth about $9,100 today, while the same amount in gold would have grown to over $27,000. Schiff's claims highlight Bitcoin's struggle to maintain its status as a safe haven asset compared to gold, especially during economic uncertainty. Bitcoin supporters argue that its performance is part of a normal market cycle, not a permanent decline.

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Peter Schiff Says Bitcoin Has Never Beaten Gold Since 2021

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YOFC(06869) rose 14.43%, with a trading turnover 1.3 Billion HKD, and a year-to-date rose 147%. GANFENGLITHIUM(01772) rose 8.48%, with a trading turnover 617.7 Million HKD, and a year-to-date rose 28%. KNOWLEDGE ATLAS(02513) fell 22.76%, with a trading turnover 3.2 Billion HKD, and a year-to-date rose 381.9%. MINIMAX-WP(00100) fell 13.35%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 409.4%.

Top Gainers & Losers

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ZHAOJIN MINING

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Top 5 HK Stock Gainers/Losers (>100B) (2.23)

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Gold prices are expected to reach $10,000 an ounce by 2030, according to Louis Navellier, who cites population declines and central banks' inability to combat deflation as key factors. Current volatility is seen as irrelevant, with gold emerging as a preferred hedge against economic downturns. Major economies face systemic declines, pushing investors towards gold over cryptocurrencies, which are losing credibility. Countries like China and Japan are experiencing significant economic challenges, further supporting the bullish outlook on gold as a safe investment.

Dow Jones

ZIJIN MINING

iShares MSCI Global Gold Miners

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Stop watching gold's daily swings and get ready for a $10,000 supercycle

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RIDGE OUTDOOR(02720) rose 53.35%, with a trading turnover 90.8 Million HKD, and a year-to-date rose 210.2%. ONEROBOTICS(06600) rose 13.82%, with a trading turnover 82.3 Million HKD, and a year-to-date rose 142%. KB LAMINATES(01888) rose 11.52%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 42.4%.

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Top 10 HK Stock Gainers (2.11)

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ZIJIN GOLD INTL(02259) rose 9.06%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 56.7%. BILIBILI-W(09626) rose 5.16%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 31.1%. POP MART(09992) fell 5.49%, with a trading turnover 4.4 Billion HKD, and a year-to-date rose 35.9%. MINIMAX-WP(00100) fell 4.82%, with a trading turnover 681.6 Million HKD, and a year-to-date rose 210.9%.

- The Hang Seng Index increased by 0.31%, with a year-to-date gain of 6.4%, while the Hang Seng Tech Index rose by 0.9%, showing a year-to-date decline of 0.3%.  
- Zijin Mining International (02259) saw a rise of 9.06% with a trading volume of HKD 1.7 billion, resulting in a year-to-date increase of 56.7%.  
- Bilibili-W (09626) grew by 5.16%, with a trading volume of HKD 1.22 billion, reflecting a year-to-date increase of 31.1%, whereas Pop Mart (09992) fell by 5.49%, despite a year-to-date increase of 35.9%.

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Top 5 HK Stock Gainers/Losers (>100B) (2.11)

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Goldman Sachs pointed out that global capital is accelerating its shift from financial assets to hard assets such as commodities in search of safe havens, forming a "hard asset rotation." This trend is expected to drive the prices of metals like copper and gold to remain high in the long term, potentially even surpassing the support of physical supply and demand fundamentals. Due to the relatively small scale of the metal market, limited supply elasticity, and easier storage, the marginal impact of capital inflows is particularly significant. This structural allocation shift may lead to a long-term premium for certain commodities

- In response to increasing volatility in global stock markets, investors are shifting funds into hard assets like commodities for risk mitigation.  
- Goldman Sachs identifies this "hard asset rotation" as a key driver for maintaining high metal prices, which could surpass levels supported by physical supply and demand fundamentals.  
- The firm notes that ongoing asset allocation adjustments may sustain elevated copper prices and create structural premiums in the market, amidst risks tied to changing investor sentiment and macroeconomic uncertainty.

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Goldman Sachs: Global capital begins "hard asset rotation," commodities may welcome long-term premiums

Eunyoung Lee from DBS has maintained a Buy rating on Zijin Gold International Company Limited (2259), setting a price target of HK$253.00. Lee, a 5-star analyst, boasts an average return of 47.1% and a 76.92% success rate. The overall analyst consensus for Zijin Gold is a Strong Buy, with an average price target of HK$204.86 according to TipRanks.

Tip Ranks

New Buy Rating for Zijin Gold International Company Limited (2259), the Basic Materials Giant

Zijin Mining Group Company Ltd. approved its 2026-2028 production plan and set a long-term goal for 2035 during a board meeting on February 8, 2026. The plan aims to establish production volume targets and transform the company into a leading global mining entity focused on green and high-tech practices. Recent achievements include acquiring Zangge Mining and the spin-off of Zijin Gold International, with a market value exceeding RMB1.1 trillion in January 2026. The Board advised caution regarding forward-looking statements due to external factors.

Reuters

Zijin Mining Board Approves 2026-2028 Production Plan and 2035 Global Growth Objective

Zijin Mining Group Company Ltd. has announced that it will provide a guarantee for one of its wholly-owned subsidiaries. This announcement was published via the Issuer Information Service of the Hong Kong Stock Exchange.

Zijin Mining übernimmt Garantie für Tochtergesellschaft

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MINIMAX-WP(00100) rose 10.98%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 252.1%. KNOWLEDGE ATLAS(02513) rose 8.28%, with a trading turnover 616.0 Million HKD, and a year-to-date rose 109.3%. HTSC(06886) fell 8.24%, with a trading turnover 1.6 Billion HKD, and a year-to-date fell 10%. KUAISHOU-W(01024) fell 4.61%, with a trading turnover 5.1 Billion HKD, and a year-to-date rose 14.9%.

- The Hang Seng Index rose by 0.22% with a year-to-date increase of 4.7%, while the Hang Seng Tech Index fell by 1.07%, resulting in a decline of 0.9% year-to-date.  
- MINIMAX-WP (00100) increased by 10.98%, recording a transaction value of 1.05 billion HKD and a remarkable annual rise of 252.1%.  
- Zhihu (02513) gained 8.28%, with a transaction value of 620 million HKD and a year-to-date increase of 109.3%, while Huatai Securities (06886) dropped by 8.24%.

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Top 5 HK Stock Gainers/Losers (>100B) (2.3)

JP Morgan is optimistic about gold, predicting that the price will rise to USD 6,300 per ounce by the end of the year and may reach USD 6,600 by 2027. Despite a recent 12% drop in gold prices, strong demand from central banks and investors will support gold prices. Analysts point out that the long-term rise in gold is not linear and is currently in an adjustment phase. UBS and Deutsche Bank also hold optimistic forecasts for gold prices, expecting new highs

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Deutsche Bank has an optimistic outlook on gold, expecting it to rise to $6,600 per ounce by 2027

MBZJGLD@EC2610A(24979.HK)

Peter Schiff Says Bitcoin Has Never Beaten Gold Since 2021

Top 5 HK Stock Gainers/Losers (>100B) (2.23)

Stop watching gold's daily swings and get ready for a $10,000 supercycle

Top 10 HK Stock Gainers (2.11)

Top 5 HK Stock Gainers/Losers (>100B) (2.11)