Hong Kong Stock Movement
SUCCESS DRAGON fell 10.81%. Based on recent news,
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On November 19, SUCCESS DRAGON benefited from the recovery of the new energy vehicle sector, showing a surge during the trading session, with active buying throughout the day and significantly increased trading volume. The stock price once approached the previous high of HKD 0.69, but selling pressure rose significantly in the closing phase, triggering a reluctance to sell, leading to a price drop.
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On November 18, SUCCESS DRAGON announced a profit alert, expecting the group to achieve a net profit of approximately HKD 25.7 million during this period, compared to a net loss of approximately HKD 3.4 million in the same period last year. After the announcement, the stock price surged over 125% at one point but then retreated.
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On November 17, SUCCESS DRAGON announced that it expected to turn from a net loss in the same period last year to a net profit during this period, mainly due to increased revenue from gold ore processing in Henan Province and the completion of infrastructure construction. The new energy vehicle sector is hot, with significant capital inflow.
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Stocks with High Trading Volume in the Industry
Zijin Mining fell 3.47%. Based on recent key news:
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On November 18, Zijin Mining experienced large transactions, with a trading amount exceeding HKD 20 million, indicating high market attention on the stock, which may lead to price fluctuations.
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On November 20, Universal Gold disclosed a significant increase in gold reserves at the Jinling Gold Mine, with Zijin Mining as a strategic shareholder. The feasibility study for the expansion project has been completed, enhancing the certainty of project advancement, and market expectations for Zijin Mining have improved.
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On November 20, DBS Group Research raised the target price for Zijin Mining, reflecting optimistic market expectations for its future profitability. Gold stocks rebounded as global central banks increased their gold holdings.
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Zijin Gold International fell 3.36%. Based on recent key news:
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On November 19, the Federal Reserve released the minutes of the October monetary policy meeting, revealing internal disagreements on interest rate cuts, leading to a cooling of market expectations for a rate cut in December, putting short-term pressure on precious metals. Source: Zhitong Finance
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On November 20, BNP Paribas initiated coverage on Zijin Gold International with an &#34;Outperform&#34; rating and a target price of HKD 157, expecting gold prices to remain around USD 3,750 per ounce over the next 12 months. Source: BNP Paribas
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On November 19, gold prices stabilized and rebounded after three consecutive days of decline, with spot gold approaching USD 4,100 per ounce, up 0.48% during the day. Source: Zhitong Finance. The medium to long-term price of gold has support, and under the backdrop of de-dollarization, gold prices are expected to rise.
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Shandong Gold fell 2.71%. Based on recent key news:
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On November 19, gold stocks rebounded in the morning, with Shandong Gold rising 1.8%. COMEX gold prices fell, and risk aversion sentiment weakened, affecting gold price performance. Source: Zhitong Finance
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On November 19, gold stocks continued to rise in the afternoon, with Shandong Gold up 6.63%. Spot gold prices rebounded, and market attention on U.S. economic data increased. Source: Zhitong Finance
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On November 19, Shandong Gold closed up 5.98%. Analysts gave a &#34;buy&#34; rating, expecting future net profit growth. Source: Minsheng Securities. Demand for gold ETFs is increasing, and the trend of de-dollarization is evident.
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Stocks ranked among the top in industry market capitalization
Zhaojin Mining fell 2.27%. Based on recent news,
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On November 19, gold stocks rebounded in the morning, with Zhaojin Mining rising 2.32% to HKD 28.28. COMEX gold recently fell below USD 4,000 per ounce, with reduced risk aversion. Inconsistent U.S. economic data led to poor gold price performance. Everbright Securities believes that the U.S. is entering a rate-cutting cycle, leading to a return of investment demand for gold ETFs, and the trend of global central banks increasing gold holdings continues.
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On November 20, Zhaojin Mining closed at HKD 11.20, with large orders flowing out again during the session, indicating a significant withdrawal of funds from the gold sector overall. The international gold price is undergoing a phase adjustment, dragging down the weight of precious metal stocks. The company currently has no new performance highlights, and the latest announcements and business progress have failed to boost market sentiment.
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On November 19, gold stocks continued to rise, with Zhaojin Mining up 6.01% to HKD 29.3. After three consecutive days of decline, gold prices stabilized and rebounded, with spot gold nearing USD 4,100 per ounce. The number of jobs in the U.S. private sector decreased, and initial jobless claims increased. Cathay Pacific Haitong Securities believes that against the backdrop of de-dollarization, gold's status as a monetary metal is rising, and the U.S. rate-cutting cycle brings liquidity easing, providing support for gold prices in the medium to long term. Overall, funds are withdrawing from the gold sector, and international gold prices are highly volatile
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SUCCESS DRAGON fell 10.81%; Zijin Mining fell 3.47%, with a transaction volume of HKD 1.523 billion; Zijin Gold International fell 3.36%, with a transaction volume of HKD 422 million; Shandong Gold fell 2.71%, with a transaction volume of HKD 315 million; Zhaojin Mining fell 2.27%, with a market value of HKD 100.7 billion

HK Stock Movers Tracker

SUCCESS DRAGON

Hong Kong Stock Movement: SUCCESS DRAGON's profit warning fails to stop the decline, with increased selling pressure causing a 10.81% drop in stock price