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<Research>M Stanley: ZIJIN MINING (02899.HK) 2024 Preliminary Results Beat
Recommend 2 Positive 9 Negative 2 |
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ZIJIN MINING (02899.HK)'s FY2024 preliminary net profit was about RMB32 billion, 51.5% ahead of Morgan Stanley's forecast, Morgan Stanley released a research report saying. Excluding one-offs, core net profit amounted to RMB31.4 billion, up 45.3% YoY. ZIJIN MINING guided for a 16% YoY incline in 2025 gold production and a 7.5% YoY incline in 2025 copper production, Morgan Stanley added. The new guidance represents a 5.7% decline from the Company's prior copper production target. Therefore, the broker rated ZIJIN MINING at Overweight, with a target price of $22.9. AAStocks Financial News |
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