Zhaojin Mining 1818

Re: Zhaojin Mining 1818

Postby winston » Fri Nov 16, 2012 11:49 am

not vested

ZHAOJIN MINING (01818.HK) maintained OW by MS on robust results
Oct 30, 2012

ZHAOJIN MINING (01818.HK)'s results were better than estimate, said Morgan Stanley, who expects gold price, which movement has a positive correlation with the stock price of ZHAOJIN, to remain strong.

ZHAOJIN MINING was maintained at Overweight.


Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Zhaojin Mining 1818

Postby winston » Fri Nov 30, 2012 1:13 pm

vested

ZHAOJIN MINING (01818.HK) kept Buy, TP cut to $15.87 by UBS

ZHAOJIN MINING (01818.HK) is maintained Buy by UBS.

ZHAOJIN MINING reported third-quarter net profit of RMB632 million, representing earnings per share of RMB0.22, up 126% quarter-on-quarter due to strong gold price.

The broker believes ZHAOJIN MINING's gold price would jump 6% semi-annually to US$1749/oz in the second half of 2012.

The broker believes ZHAOJIN MINING has better cost control than its major rival ZIJIN MINING (02899.HK), as the former one is a low-cost producer in China and the world.

ZHAOJIN MINING remains top pick in the industry, UBS added.


Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Zhaojin Mining 1818

Postby winston » Sun Mar 24, 2013 7:56 pm

vested

FY 2012

Revenue: 32%
Net Profit 19%
Dividends RMB 0.21

http://www.hkexnews.hk/listedco/listcon ... 324235.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Zhaojin Mining 1818

Postby winston » Fri Mar 29, 2013 8:38 pm

vested

ZHAOJIN MINING (01818.HK) FY NP up 16%; final div 24 fens
2013-03-24

ZHAOJIN MINING (01818.HK) announced, for 2012, the income rose 32.4% yearly to RMB7.603 billion; net profit rose 15.8% to RMB1.924 billion, representing EPS of 66 fens.

A final dividend of 24 fens was declared.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Zhaojin Mining 1818

Postby winston » Sat Apr 13, 2013 9:23 am

vested

ZHAOJIN MINING (01818.HK) kept Buy, TP cut to $12.59 by UBS
2013-04-12

UBS noted in a research report that EPS forecast of ZHAOJIN MINING (01818.HK) was cut by 17%/7%/6% to RMB 0.63/0.64/053 respectively.

Target price of the company was lowered from $15.87 to $12.59, with its rating kept Buy.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Zhaojin Mining 1818

Postby winston » Sun Apr 21, 2013 8:36 am

not vested

ZHAOJIN MINING (01818.HK) 1Q NP up 8.3%
2013-04-19

ZHAOJIN MINING (01818.HK) announced, for the first quarter as of the end of March, the operating income rose 29.2% yearly to RMB1.164 billion; operating profit rose 20.72% to RMB358 million; net profit rose 8.26% yearly to RMB234 million, representing EPS of 8 fens.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Zhaojin Mining 1818

Postby winston » Mon Apr 22, 2013 8:16 pm

vested

Zhaojin Mining first quarter net profit grew 8.3 percent from a year earlier to 233.9 million yuan ($37.86 million).


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Zhaojin Mining 1818

Postby winston » Thu Jul 04, 2013 2:08 pm

vested

<Research Report>ZHAOJIN MINING (01818.HK) cut to Hold, TP reduced to $5.5 by BNP
Jun 28, 2013

BNP Paribas reduced the gold price forecasts for 2013 and 2014 to US$1405/oz and US$1155/oz respectively, driving down ZHAOJIN MINING (01818.HK)'s earnings forecasts for 2013 and 2014 by 25% and 45%.

The bank pointed out that the group's share price hints the long-term gold price will be only US$975/oz, 22% lower than the current price and 21% lower than the industry's marginal production cost.

The target price of the stock was cut drastically from $14 to $5.5, with 8% upward potential as predicted by BNP.

The rating was downgraded from Buy to Hold. The major risk is another collapse in gold price.


Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Zhaojin Mining 1818

Postby stilicon » Thu Jul 04, 2013 4:21 pm

I wouldn't trust BNP for anything, least of all about Gold prices ...

Meanwhile, Zhaojin Mining keeps working well.

- the NAV keeps increasing (doubling from 31/12/2008 to 31/12/2012, with the 1:1 bonus share)

- the div is interesting, while waiting for a reversal of gold prices.

-> I can't help but see the recent plunge as an opportunity to restart a gold mining line. very risky.
stilicon
Coolie
 
Posts: 201
Joined: Fri Sep 12, 2008 5:21 pm

Re: Zhaojin Mining 1818

Postby winston » Thu Dec 05, 2013 3:55 pm

<Research Report>ZHAOJIN MINING (01818.HK) rated Buy with target cut to $6.59 by UBS

UBS global commodities team had reduced 2014 gold price estimate by 9% to USD1,200 per ounce, and had trimmed 2013 4Q gold price forecast by 11% to USD1,240 per ounce.

The commodities team projected gold price will fluctuate substantially, thanks to potential QE tapering by the Fed, and contracting gold imports by the Indian government.

2013/14/15 EPS forecasts of ZHAOJIN MINING (01818.HK) were lowered by 13%/38%/8% to RMB0.3/0.2/0.24. Stock price of ZHAOJIN MINING had slid 34% since August, while gold price had sunk 14% and stock price of ZIJIN MINING (02899.HK) had dropped 9%.

The bank commented the current valuation of ZHAOJIN MINING is compelling. Target price decreased from $7.22 to $6.59, and rating stayed at Buy.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to S to Z

Who is online

Users browsing this forum: No registered users and 5 guests