Zijin Mining 2899

Re: Zijin Mining 2899

Postby winston » Tue Jul 25, 2017 1:21 pm

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July 21, 2017

<Research Report>Deutsche: ZIJIN MINING Interim Profit Miss May Be Due to Non-operating Loss; Rated Buy with TP $3.6

Deutsche Bank, in its report, said ZIJIN MINING (02899.HK) released preliminary 2017 interim results with net profit after tax (NPAT) of RMB1.5 billion, increasing 179% yearly, only achieving 33% and 39% of the broker's estimate and consensus, respectively.

Pre-tax profit and NPAT dropped 27% quarterly and 50% quarterly in 2Q17, respectively, despite 3% quarterly increase in revenue.

With a fairly strong gold price and stable copper/zinc price in the second quarter, the broker believed there might be some non-operating losses recorded during the period.

The broker rated Zijin at Buy with target price of $3.6. Deutsche Bank will revisit the forecast after the conference call.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Fri Sep 22, 2017 3:20 pm

Aug 19, 2017

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<Result Ann>ZIJIN MINING (02899.HK) Posts Interim Net Profit of RMB1.505B

ZIJIN MINING (02899.HK) announced results for the first half of the year ended 30 June 2017.

The company realized the operating revenue of RMB37.524 billion, down 3.5% year on year.

The net profit amounted to RMB1.505 billion, up 1.8 times.

EPS was 6.9 fen.

No interim dividend was declared.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Thu Oct 26, 2017 1:57 pm

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<Result Ann>ZIJIN MINING (02899.HK) 1Q-3Q Net Profit Up 55.4%

ZIJIN MINING (02899.HK) announced that the company reported net profit of RMB2.214 billion for the nine months ended September in accordance with the People?s Republic of China Accounting Standards for Business Enterprises, up 55.4%.

EPS was 10 fen.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Mon Nov 20, 2017 10:12 am

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Analysis:

The main datas of the first three quarters of Zijin Mining all reported growth.

Among them, net profit attributable to parent company was 2.21 billion yuan, up 55.44% yoy; operating income was 61.98 billion yuan, up 8.18% yoy.

Debt-asset ratio dropped to 59.76% from 65.12% at the beginning of the year.

The company`s copper, gold, zinc mineral resources have been the largest among domestic enterprises.

With domestic and foreign new capacities have been completed and put into production, the company`s gold, copper and zinc mineral will continue to increase in the future. And Ziji still on its way of M&A strategy.

Strategy:
Buy-in Price: $2.57, Target Price: $3.18, Cut Loss Price: $2.25

Source: Phillips
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Re: Zijin Mining 2899

Postby winston » Wed Jan 03, 2018 11:48 am

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Zijin Mining (2899 HK)
Copper To Drive Future Growth


Over the past five years, Zijin has evolved from a gold producer into an internationally-diversified miner.

We are positive on copper’s outlook in 2018-20 due to:
a) supply constraint on underinvestment, mines’ grade declines and strike risks and
b) demand underpinned by the rising adoption of electric vehicles.

The tight environmental regulations in China could also mean higher copper prices. Thus, with its copper production ramping up, we expect Zijin’s future growth to be driven by copper.

Maintain BUY. Target: HK$3.30.

Source: UOBKH

https://research.uobkayhian.com/content ... 5aa8c3a1ba
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Re: Zijin Mining 2899

Postby winston » Wed Jan 24, 2018 11:53 am

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<Positive Profit Alert>ZIJIN MINING (02899.HK) Expects 2017 Net Profit to Soar 85%-95% (Correct)

ZIJIN MINING (02899.HK) issued a positive profit alert and expected net profit attributable to the shareholders of listed company to increase by RMB1.57 billion to RMB1.75 billion for the year ended 2017, up 85%-95% than 2016.

(Correct: 2018-01-24 02:12:15 ZIJIN MINING (02899.HK) Expects 2017 Net Profit to Soar 85%-95%)

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Thu Feb 01, 2018 3:54 pm

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<Research Report>Citi: ZIJIN MINING (02899.HK) 2017 Profit In Line; Kept Buy

ZIJIN MINING (02899.HK) issued positive profit alert, expecting its net profit last year to surge 85-95%, conforming with estimates, Citigroup said in its report.

ZIJIN MINING was reiterated at Buy with target price of $3.5.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Tue Jul 24, 2018 10:19 am

ZIJIN MINING(2899)

Analysis:

Zijin mining announced in 1H18 pre-results as of June 2018 that net profit was RMB2.523 billion, up 67.6%, with revenue grew 32.8% yoy to RMB49.814billion.

EPS was 0.11yuan.

We think the price of mental is at a relatively low area and expected copper will outperform the others.

Strategy:
Buy-in Price: $2.60, Target Price: $3.20, Cut Loss Price: $2.30

Source: Phillips
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Re: Zijin Mining 2899

Postby winston » Tue Jul 24, 2018 11:22 am

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Zijin Mining (2899 HK)

1H18: Strong Results, In line; Trim 2H18 Earnings Growth Forecast On Lower Metal Price Forecasts

Zijin Mining reported a solid 1H18 preliminary net profit of Rmb2.5b, up 67.6% yoy, driven by strong metals ASP and copper production growth.

Earnings are in line with our expectations. We are less optimistic on metals’ performances in 2H18, mainly due to the global trade tensions and a strong US dollar weighing on metals prices.

Thus, we reduce our earnings estimates on lower copper, zinc and gold price forecasts for 2H18.
Maintain BUY with a lower target price at HK$3.47.

https://research.uobkayhian.com/content ... 77d1226f23
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Re: Zijin Mining 2899

Postby winston » Fri Sep 07, 2018 5:10 am

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Zijin Mining falls on concerns it is paying too much in US$1.39 billion Canadian takeover

Analysts say the 26 per cent premium it is offering for Nevsun Resources is on the high side

Nevsun owns 60 per cent of the Bisha copper and zinc mine in Eritrea, east Africa, and 60 to 100 per cent interests in two sections of the Timok copper and gold mine in Serbia, in eastern Europe.

Nevsun posted a net loss of US$8.75 million in the year’s first half on revenue of US$183 million, and a loss of US$99.6 million last year due to exploration and asset impairment costs.


Source: SCMP

https://www.scmp.com/business/article/2 ... n-canadian
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