Zhaojin Mining 1818

Re: Zhaojin Mining 1818

Postby winston » Thu Feb 12, 2015 8:01 am

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ZHAOJIN MINING (01818.HK) contributes RMB255M, establishes finance company

ZHAOJIN MINING (01818.HK) 0.000 (0.000%) Short selling $1.95M; Ratio 22.803% announced that the group would establish Zhaojin Finance Company with Zhaojin Group and Zhaojin Smelting by entering into the Capital Contribution Agreement.

ZHAOJIN MINING, Zhaojin Group and Zhaojin Smelting will contribute RMB255 million, RMB200 million and RMB45 million, respectively, representing 51%, 40%, 9% of the registered capital of Zhaojin Finance Company respectively.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Sun Mar 22, 2015 7:36 pm

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ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2014

FINANCIAL HIGHLIGHTS


For the year ended 31 December 2014, the Group’s revenue was approximately RMB5,606,182,000 (2013: RMB6,344,124,000), representing a decrease of approximately 11.63% as compared to the previous year.

For the year ended 31 December 2014, the Group’s net profit was approximately RMB506,741,000 (2013: RMB767,400,000), representing a decrease of approximately 33.97% as compared to the previous year.

For the year ended 31 December 2014, the basic and diluted earnings per share attributable to ordinary equity holders of the parent amounted to approximately RMB0.15 (2013: RMB0.25), representing a decrease of approximately 40% as compared to the previous year.

For the year ended 31 December 2014, the profit attributable to owners of the parent was approximately RMB455,388,000 (2013: RMB734,085,000), representing a decrease of approximately 37.97% as compared to the previous year.

The Board proposed the payment of a cash dividend of RMB0.05 (tax included) per share (2013: RMB 0.1 (tax included)) to all shareholders.

http://www.hkexnews.hk/listedco/listcon ... 322135.pdf
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Re: Zhaojin Mining 1818

Postby winston » Wed Apr 08, 2015 3:45 pm

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Mar 23, 2015

<Research Report>C Suisse maintains ZHAOJIN MINING(01818.HK) at Underperform with target cut to $3.8

Credit Suisse stated that ZHAOJIN MINING(01818.HK) 2014 net profit totaled RMB455 million, with EPS of RMB0.15, down 38% from a year earlier, 30% below market consensus and estimates.

The core profit was also disappointing, recording RMB481 million excluding the one-off loss of RMB35 million.

The rating was maintained at Underperform and the target price was decreased from $4.6 to $3.8.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Thu May 07, 2015 5:53 pm

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ZHAOJIN MINING (01818.HK) initiated at Reduce, target cut to $3.38 - HSBC

ZHAOJIN MINING (01818.HK) -0.320 (-5.872%) Short selling $10.50M; Ratio 18.461% 's first-quarter results missed estimates and it reduced the full-year earnings forecasts mainly due to the weak gold price and the higher-than-expected business expenses, HSBC said in a report.

Thus, the research house initiated the Reduce rating with target price pared from $4.1 to $3.38.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Wed Oct 14, 2015 7:49 pm

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ZHAOJIN MINING (01818.HK) 1Q-3Q Earns 29.92% Less YoY

ZHAOJIN MINING (01818.HK) -0.010 (-0.215%) Short selling $3.13M; Ratio 14.339% announced its results for the first three quarters ended 30 September 2015.

Its revenue dropped 4.19% yearly to RMB4.216 billion and its profit tumbled 29.92% yearly to RMB286 million.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Fri Dec 18, 2015 8:27 am

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Citi Maintains ZHAOJIN MINING (01818.HK) at Neutral; Target Cut to $4.5
2015/12/14

Citigroup, in its report, forecast U.S. dollar to continue to appreciate in the medium term when the country's economy keeps on its recovery and the easing in Europe and Japan goes on.

The strong dollar will weigh on the gold price. As a result, the broker expected gold price to decline by 14% yearly to
US$995/oz in 2016.


The broker trimmed ZHAOJIN MINING's earnings forecast in 2015/2016 by 7%/27% to RMB353 million/RMB304 million respectively as the earnings and stock price are highly sensitive to gold price.

The stock's target price was lowered from $5.1 to $4.5 and the rating was maintained at Neutral.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Fri Dec 18, 2015 8:32 am

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M Stanley: Global Gold Equities at 20-Year Low; ZHAOJIN MINING Rated at Overweight

2015/11/23

Morgan Stanley said that the operating environment for gold miners is changing while some companies are trading at 20-year low, resulting in buying chances and creating an opportunity for those companies who will soon move to harvest period.

The research house said as gold prices lifted to unprecedented levels between 2000-2012, left the industry participants ill prepared for the rout, limiting the post-capex harvest period.

The research house preferred ZHAOJIN MINING (01818.HK) 0.000 (0.000%) Short selling $1.81M; Ratio 21.273% in the China's gold sector given its cost control and sound volume growth.

Despite the company's high gearing level (128% in 2015e), it thought the risk is mitigated by China's favorable funding environment, including interest rate and RRR cuts.

Zhaojin Mining's target price was $6.5, with the rating of Overweight.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Fri Dec 18, 2015 8:35 am

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Schroders Plc Adds Stakes in ZHAOJIN MINING (01818.HK)

2015/10/13

Schroders Plc acquired 774,000 shares of ZHAOJIN MINING (01818.HK) 0.000 (0.000%) Short selling $1.81M; Ratio 21.273% on 7 October at an average price of $4.342, according to shareholding disclosures of the HKEx.

Upon the completion, its shareholding in ZHAOJIN MINING increased from 8.97% to 9.06%.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Fri Feb 12, 2016 3:31 pm

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<Research Report>M Stanley Expects ZHAOJIN MINING (01818.HK)'s Share Price to Rise in Next 30 Days

Morgan Stanley, in its report, expected ZHAOJIN MINING (01818.HK)'s share price to rise in next 30 days.

It foresaw the increase of 17% in gold prices since the beginning of this year is likely to benefit gold miners.

ZHAOJIN MINING is Morgan Stanley's most preferred Chinese gold stocks as its output growth is foreseeable and cost control is positive.

The research house estimated the likelihood of the rise in ZHAOJIN MINING's share price is about 60-70%.

It rated the company at Overweight with target price of $5.6.

Source: AAStocks Financial News
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Re: Zhaojin Mining 1818

Postby winston » Mon Aug 22, 2016 10:12 am

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<Result Ann>ZHAOJIN MINING Interim Net Profit Up 13.07% to RMB255M; Nil Div

ZHAOJIN MINING (01818.HK) announced that for the interim period as of the end of June, the net profit rose 13.07% yearly to RMB255 million.

The EPS equaled 0.09 fen; no interim dividend was declared.

Source: AAStocks Financial News
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