SGSDGLD@EC2612A

SD GOLD to Release FY2025 Earnings on March 26 After-Market (BJT), Forecast Revenue HKD 125.61 B, EPS HKD 1.4636

BOC International Reiterates Overweight Rating on China's Gold Sector

Shandong Gold Group's Shareholding Ratio Decreases

Shandong Gold Announces Net Profit Growth of 56% to 66% for Last Year and Future Plans

Schroders PLC reduced holdings in Shandong Gold

BOC International Predicts Gold Price Surge and Recommends Chinese Gold Producers

Macquarie Raises Target Price for Shandong Gold to HKD43

Shandong Gold Group and Shandong High-Speed Group Jointly Established Jinlan Industrial Investment Partnership

Jinan Roshang Jiayi Industry Investment Partnership Established with an Investment of Approximately 10.1 Billion Yuan

Shandong Gold's Subsidiary Sangjin International to Engage in Derivatives Trading Business

Shandong Gold Increases Investment in Shanjin International to Promote Osino Gold Project

Shandong Gold Provides $250 Million Guaranteed Loan for Wholly-Owned Subsidiary

Analysts Maintain Buy Recommendation for Shandong Gold

Schroders PLC Increases Stake in Shandong Gold to 5.14%

Shandong Gold Plans to Implement Measures to Avoid Competing with Related Parties

Shandong Gold LaiZhou Subsidiary Needs to Pay Additional Corporate Income Tax and Penalties

Shanjin Mining Equity Investment Partnership Established

Huatai Securities Downgrades Shandong Gold's Earnings Forecast but Maintains 'Outperform' Rating

Shanjin Mining Co., Ltd. Established with Shares Held by Shandong Gold

SD GOLD released FY2025 9 Months Earnings on October 29 After-Market (BJT), Actual Revenue HKD 91.06 B, Actual EPS HKD 0.1332

7ROAD

NEW VISION CO

IDT INT'L

SEM HLDGS

NET-A-GO TECH

KAISA GROUP

ARES ASIA

AOM INT'L

TRIO IND ELEC

LING YUI

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GDXJ

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RING

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GOEX

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Nomura has lowered the target price for LAOPU GOLD to 1,114 yuan due to valuation impacts from gold price fluctuations. Despite the company's performance last year and the first quarter of this year exceeding expectations, Nomura remains confident in growth for 2026, anticipating that new products, store upgrades, and expansion of high-end customers will drive growth. The firm has raised its revenue and profit forecasts for 2026 and 2027 by 12% to 14% and 23% to 24%, respectively, but has reduced the target price-to-earnings ratio from 30 times to 22.5 times, maintaining a "Buy" rating

AASTOCKS

Huaan Yifu Gold ETF

VanEck Junior Gold Miners ETF

LAOPU GOLD

Us Gbl GLD & Met

iShares Gold Trust

iShares MSCI Global Gold Miners

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

SD-GOLD

GLOBAL X Gold Explorers

VanEck Gold Miners ETF

SHANGSHAN GOLD

SD GOLD

Nomura lowers LAOPU GOLD's target price to 1,114 yuan, with valuation affected by gold price fluctuations

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The main indices of the Hong Kong stock market rebounded collectively, with the Hang Seng Index rising by 0.74% and the Hang Seng TECH Index increasing by 1.04%. The retail sector performed strongly, driven by consumer recovery, with Alibaba rising by 1.54%; the oil and gas sector, however, faced pressure due to oil price fluctuations, with China National Offshore Oil Corporation falling by 3.87%. Market funds focused on leading retail and semiconductor stocks, with YOFC soaring by 13.33%, and overall market sentiment remained stable

- The Hong Kong stock market is experiencing a steady rebound, with major indices collectively rising; the Hang Seng Index up 0.74% at 25,249.20 points.  
- The retail sector shows strong performance, benefiting from consumer recovery, while the oil and gas sector declines due to international oil price fluctuations.  
- Key stocks such as National Technology and Chongqing Fiber Optic are gaining significantly, reflecting increased short-term investor interest.

Market Heartbeat

BABA-W

JD-SW

CNOOC

TENCENT

KUAISHOU-W

NSING TECH

YOFC

LINGBAO GOLD

CHIFENG GOLD

QUANTGROUP

BABA 2x Long Daily ETF - GraniteShares

Global X E-commerce ETF

Hang Seng Index

SPDR S&P Retail ETF

Krne Csi China Internet

Amplify Online Retail ETF

KraneShares 2x Long BABA Daily ETF

Hang Seng TECH Index

VanEck Retail ETF

ProShares Online Retail

E Fund CSI HK Connect Internet ETF

Hwabao CSI HK Equities Internet ETF

Alibaba

Hong Kong Stock Market Update | Hang Seng Index up 0.74%, Retail Sector Strengthens, Alibaba up 1.54%

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The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 216 points to 25,280 points, and the National Index and Hang Seng Tech Index also increasing by 60 points and 47 points, respectively. Despite oil stocks like CNOOC opening lower, gold prices rebounded to $4,500, with related stocks such as ZIJIN MINING and SD GOLD opening higher. Pharmaceutical stocks saw an increase as Innovent Biologics' cooperation agreement with Eli Lilly took effect. Technology stock Xiaomi opened lower, while SenseTime's stock price rose. Overall, the market showed a positive performance

ZIJIN MINING

EFUND GOLD MI ETF

Abrdn Gold ETF Trust

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Sprott JR Gold Miners ETF

SPDR Gold Minishares

Sprott GLD Miners Etf

EFUND GOLD MI-U

EFUND GOLD MI-R

"Hong Kong Stocks" Hang Seng Index opened high at 216 points, CNOOC declined, commodity and gold stocks surged

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The three major A-share indices opened higher, with the Shanghai Composite Index rising 0.3%, the Shenzhen Component Index rising 1%, and the ChiNext Index rising 1.1%. International oil prices fell, leading to a lower opening for the three major oil companies and oil and gas stocks, with CATL opening down 1%. Gold stocks rose due to a rebound in international gold prices, with SD GOLD and others increasing by 5.5%. The People's Bank of China conducted reverse repurchase operations to maintain liquidity. China Telecom reported a net profit of 33.2 billion yuan for the year, while Fosun Pharma's net profit increased by 21.7%

Zijin Mining

ZHONGJIN GOLD

Direxion Daily Jr Gold Miners Bull 2X

Roundhill Gold Miners Weeklypay ETF

Direxion Daily Gold Miners Bull 2X

ChinaAMC Gold ETF

The three major A-share indices of Shanghai and Shenzhen opened higher by 0.3%-1.1%, with the three major oil companies and oil and gas stocks declining, while gold stocks continued to rise

GOLD

399006

GLTR

The three major A-share indices rebounded throughout the day, with the Shanghai Composite Index rising 1.8% to close at 3,881 points, the Shenzhen Component Index increasing 1.4% to 13,536 points, and the ChiNext Index gaining 0.5% to 3,251 points. The four major domestic bank stocks stabilized, with increases ranging from 0.5% to 1.8%. Gold stocks generally rebounded, with Shandong Gold and others rising by 3% to 5.6%. International oil prices fell, leading to a decline in the stock prices of the three major oil companies. The central parity rate of the RMB against the USD was adjusted up by 98 points, and the People's Bank of China conducted a reverse repurchase operation of 17.5 billion yuan

Gold.com

ChiNext

Pro Ultr GLD

Abrdn Precious Metals Basket ETF Trust

Shenzhen Index

SPDR Gold Shares

YieldMax Gold Miners Opt Inc Strgy ETF

The three major A-share indices of the Shanghai and Shenzhen stock exchanges fluctuated throughout the day, rising by 0.5%-1.8%. Gold stocks rebounded, while shipping and domestic GPU stocks surged

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The three major A-share indices opened higher by 1% to 1.3%, with the Shanghai Composite Index at 3,849 points, the Shenzhen Component Index at 13,514 points, and the ChiNext Index at 3,266 points. Domestic bank stocks performed steadily, while international oil prices fell, leading to a lower opening for the three major oil companies and oil and gas stocks. Gold-related stocks generally rebounded, with SD-GOLD opening higher. Chip stocks recovered, with SMIC and Hua Hong opening higher. The central parity rate of the RMB against the USD was reported at 6.8943, and the People's Bank of China conducted a reverse repurchase operation of 17.5 billion yuan

WUXI APPTEC

Kinross Gold

Direxion Daily Gold Miners Bear 2X

Bosera CSI Oil & Gas Resources Index ETF

Direxion Daily Jr Gold Miners Bear 2X

Microsectors Gold Miners 3x Leveraged ETN

Guotai CSI Oil & Gas Industry ETF

iShares US Oil & Gas Expl & Prod

The three major A-share indices of Shanghai and Shenzhen opened high by 1% to 1.3%, with the three major oil companies and oil and gas stocks declining, while WuXi AppTec opened nearly 3% higher

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COSCO SHIP ENGY(01138) rose 2.55%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 105.2%. GEELY AUTO(00175) rose 2.46%, with a trading turnover 4.7 Billion HKD, and a year-to-date rose 11.7%. MINIMAX-W(00100) fell 9.17%, with a trading turnover 2.0 Billion HKD, and a year-to-date rose 455.5%. MONTAGE TECH(06809) fell 8.37%, with a trading turnover 304.4 Million HKD, and a year-to-date rose 61.8%.

- The Hang Seng Index dropped 3.54%, with a year-to-date decline of 4.9%; the Hang Seng Technology Index fell 3.28%, down 14.6% for the year.  
- China Merchants Energy (01138) rose 2.55% with a transaction volume of HKD 1.05 billion, marking a year-to-date increase of 105.2%.  
- Geely Automobile (00175) gained 2.46% with a transaction volume of HKD 4.65 billion, up 11.7% year-to-date, while MINIMAX-W (00100) and Lanyu Technology (06809) saw declines of 9.17% and 8.37%, respectively.

Top Gainers & Losers

COSCO SHIP ENGY

GEELY AUTO

CGN POWER

CHERY AUTO

MINIMAX-W

MONTAGE TECH

CHINAHONGQIAO

Top 5 HK Stock Gainers/Losers (>100B) (3.23)

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Gold stocks generally fell, with CHIFENG GOLD hitting the limit down, and SC GOLD, SD-GOLD International, and Shengda Resources among the biggest losers. Lithium mining concepts experienced fluctuations and rebounds during the session, with Fulian Precision Engineering rising over 10%, followed by Tianhua New Energy, Guocheng Mining, Dazhong Mining, Rongjie Co., and Yongxing Materials

- On March 23, A-shares opened lower, with the Shanghai Composite Index dropping below 3900 points, and major stock indices experiencing declines of over 2%.  
- The commodity market showed mixed results, with domestic futures predominantly rising, while gold stocks continued to decline significantly amidst heavy selling in precious metals fueled by rising energy prices due to escalating Middle East conflicts.  
- Meanwhile, transformer export values for 2025 are projected to grow significantly, and the lithium battery industry is showing positive signs as production resumes and demand increases.

Wallstreetcn

Newmont

Agnico Eagle Mines

SC GOLD

MEITUAN

The Shanghai Composite Index briefly fell below 3,900 points, coal stocks rose against the trend, computing hardware and gold stocks plummeted, the Hang Seng Index dropped over 2%, and tech stocks generally fell

Driven by high gold prices and active overseas mergers and acquisitions, Chinese gold mining companies such as Zijin Mining and SD-GOLD are expected to achieve record profits in 2026, potentially outperforming their global peers. In contrast to the counter-cyclical expansion of Chinese mining companies, international giants like Newmont and Barrick are facing challenges of declining production and increasing capital expenditures, leading to pressure on their stock prices. HSBC analysts believe that new acquisitions and expansion projects will provide strong operational leverage for Chinese mining companies

- As international mining giants face declining output, Chinese mining companies leverage high gold prices through aggressive overseas acquisitions and capacity expansion.  
- Leading firms like Zijin Mining International and Shandong Gold are projected to outperform their global counterparts in 2026, with Zijin hinting at a strong profit growth since its IPO last September.  
- In contrast, Western mining companies report robust earnings but struggle with production declines and rising concerns over capital expenditures affecting market sentiment.

"International peers are cutting production, Chinese gold miners are buying up!" Domestic mining companies are expected to lead global performance this year

Pop Mart and Laopu Gold are projected to achieve triple-digit growth despite a slowdown in China's consumer spending. This growth is fueled by demand for Labubu dolls and gold jewelry, although the initial surge is waning. Investors are concerned about sustainability as Pop Mart introduces new characters and Laopu benefits from gold demand. In contrast, Xiaomi faces revenue challenges, Haidilao's strategy remains unchanged, and Anta Sports may reflect losses from Puma. Sinopec suspends fuel exports amid geopolitical tensions, while Innovent Biologics is set to report its first annual profit.

GuruFocus

Pop Mart, Laopu Set for Triple-Digit Growth as China Consumption Slows

Chinese Gold Mining Stocks Fall as Gold Prices Lose Momentum

marketscreener

Chinese Gold Mining Stocks Fall as Gold Prices Lose Momentum

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GIGADEVICE(03986) rose 18.41%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 166%. KNOWLEDGE ATLAS(02513) rose 14.15%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 420.7%. CHALCO(02600) fell 4.92%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 6.3%. SD GOLD(01787) fell 4.36%, with a trading turnover 752.3 Million HKD, and a year-to-date rose 5.2%.

GIGADEVICE

KNOWLEDGE ATLAS

CATL

CHALCO

JIANGXI COPPER

ZIJIN GOLD INTL

Top 5 HK Stock Gainers/Losers (>100B) (3.16)

CICC analyst maintained a Buy rating on Laopu Gold Co. Ltd. Class H yesterday and set a price target of HK$1,079.06.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Laopu Gold Co. Ltd. Class H has an analyst consensus of Strong Buy, with a price target consensus of HK$965.05.

Tip Ranks

New Buy Rating for Laopu Gold Co. Ltd. Class H (6181), the Basic Materials Giant

I B kiss the $6000 gold goodbye...

Gold prices have dropped 13% month-to-date to $4,580/oz, marking the worst monthly performance against Brent crude since December 1973, with the gold-to-Brent ratio crashing 43%. Mining stocks have fallen 29% in 19 days due to the ongoing war in Iran, leading to the worst month for the sector since October 2008. Rising oil prices and inflation fears are impacting gold's status as a safe-haven asset, while mining margins are squeezed by increased energy costs. The VanEck Gold Miners ETF has seen a significant decline, reflecting the turmoil in the commodity markets.

benzinga_article

Gold Eyes Worst Month Against Oil Since 1973; Mining Stocks Slump Most Since 2008

Summary of the whole article: Pls exercise caution. Unlike you can profit through continuously monitoring the wild swings, basically everything is at heightened risk. At the top of everyone's heads: How much more ICM and hypersonic missiles are Iran still keeping before they finally unleash, all at once, a death blow to every US aircraft carrier and defeat the US?

SGSDGLD@EC2612A(25520.HK)

SGSDGLD@EC2612A Stock Performance Chart

Nomura lowers LAOPU GOLD's target price to 1,114 yuan, with valuation affected by gold price fluctuations

Hong Kong Stock Market Update | Hang Seng Index up 0.74%, Retail Sector Strengthens, Alibaba up 1.54%

"Hong Kong Stocks" Hang Seng Index opened high at 216 points, CNOOC declined, commodity and gold stocks surged

The three major A-share indices of Shanghai and Shenzhen opened higher by 0.3%-1.1%, with the three major oil companies and oil and gas stocks declining, while gold stocks continued to rise

The three major A-share indices of the Shanghai and Shenzhen stock exchanges fluctuated throughout the day, rising by 0.5%-1.8%. Gold stocks rebounded, while shipping and domestic GPU stocks surged