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Re: Zijin Mining 2899

PostPosted: Mon Feb 11, 2019 11:44 am
by winston
not vested

ZIJIN MINING(2899)

Analysis:

Zijin Mining Group (2899) announced that the Board had reviewed and resolved that the Group shall apply to the CSRC for public issuance of A shares, which would raise gross proceeds of up to RMB 8 billion that will be used in the cash takeover of 100% interest of Nevsun Resources.

Nevsun is a mine exploration and development company focusing on copper, zinc and gold. It owns 60% interest in the Bisha copper-zinc mine project in Eritrea, Africa, which is currently in production, as well as the Timok copper-gold mine project in Serbia. The aforementioned two mines are Nevsun`s flags hip projects.

In total, Nevsun owns 27 exploration permits in Serbia, Eritrea and Macedonia. The acquisition aligns with the Group`s formulated development strategies of internationalization, project upsizing and asset securitization. (I do not hold the above stock)

Strategy:
Buy-in Price: $2.90, Target Price: $3.15, Cut Loss Price: $2.80

Source: Phillips

Re: Zijin Mining 2899

PostPosted: Wed Dec 04, 2019 11:34 am
by winston
not vested

ZIJIN MINING(2899)

Analysis:

Zijin Mining recently issued a public offering of US $ 8 billion to supplement the acquisition of a 100% stake in copper, zinc and gold resources company Nevsun (at a price of 9.36 billion).

In the next three years, the company's mineral gold, zinc, copper, silver, and iron concentrates will reach 49-54 tons, 38-42 tons, 67-74 tons, 242-269 tons, and 299-332 tons, respectively, by 2022.

The copper composite content reaches 21.9-26%. .

The company's active overseas presence will gradually usher in the harvest period and is expected to become a global resource leader.

Strategy:
Buy-in Price: $2.93, Target Price: $3.30, C ut Loss Price: $2.60

Source: Phillips

Re: Zijin Mining 2899

PostPosted: Mon Dec 30, 2019 3:06 pm
by winston
not vested

ZIJIN MINING(2899)

Analysis:

Zijin Mining recently issued a public offering of US $ 8 billion to supplement the acquisition of a 100% stake in copper, zinc and gold resources company Nevsun (at a price of 9.36 billion).

In the next three years, the company's mineral gold, zinc, copper, silver, and iron concentrates will reach 49-54 tons, 38-42 tons, 67-74 tons, 242-269 tons, and 299-332 tons, respectively, by 2022.

The copper composite content reaches 21.9-26%.

The company's active overseas presence will gradually usher in the harvest period and is expected to become a global resource leader.

Strategy:
Buy-in Price: $3.60, Target Price: $4.30, Cut Loss Price: $3.10

Source: Phillips

Re: Zijin Mining 2899

PostPosted: Tue Jan 14, 2020 11:29 am
by winston
not vested

ZIJIN MINING(2899)

Analysis:

Zijin Mining recently issued a public offering of US$8b to supplement the acquisition of a 100% stake in copper, zinc and gold resources company Nevsun (at a price of 9.36 billion).

In the next three years, the company`s mineral gold, zinc, copper, silver, and iron concentrates will reach 49-54 tons, 38-42 tons, 67-74 tons, 242-269 tons, and 299-332 tons, respectively, by 2022.

The copper composite content reaches 21.9-26%.

The company`s active overseas presence will gradually usher in the harvest period and is expected to become a global resource leader.

Strategy:
Buy-in Price: $3.90, Target Price: $4.50, Cut Loss Price: $3.40

Source: Phillips

Re: Zijin Mining 2899

PostPosted: Mon Feb 10, 2020 11:54 am
by winston
not vested

ZIJIN MINING(2899)

Analysis:

Zijin Mining recently issued a public offering of US $ 8 billion to supplement the acquisition of a 100% stake in copper, zinc and gold resources company Nevsun (at a price of 9.36 billion).

In the next three years, the company's mineral gold, zinc, copper, silver, and iron concentrates will reach 49-54 tons, 38-42 tons, 67-74 tons, 242-269 tons, and 299-332 tons, respectively, by 2022.

The copper composite content reaches 21.9-26%. .

The company's active overseas presence will gradually usher in the harvest period and is expected to become a global resource leader.

Strategy:
Buy-in Price: $3.40, Target Price: $4.30, Cut Loss Price: $2.84

Source: radiosai.org

Re: Zijin Mining 2899

PostPosted: Fri Feb 21, 2020 1:27 pm
by winston
not vested

ZIJIN MINING(2899)

Analysis:

Zijin Mining recently issued a public offering of US $ 8 billion to supplement the acquisition of a 100% stake in copper, zinc and gold resources company Nevsun (at a price of 9.36 billion).

In the next three years, the company`s mineral gold, zinc, copper, silver, and iron concentrates will reach 49-54 tons, 38-42 tons, 67-74 tons, 242-269 tons, and 299-332 tons, respectively, by 2022.

The copper composite content reaches 21.9-26%. .

The company`s active overseas presence will gradually usher in the harvest period and is expected to become a global resource leader.

Strategy:
Buy-in Price: $3.70, Target Price: $4.30, C ut Loss Price: $3.30

Source: Phillips

Re: Zijin Mining 2899

PostPosted: Tue Mar 24, 2020 10:13 am
by winston
Zijin Mining (2899 HK)
2019: Resilient Results In Line; Copper Recovery Disrupted By Macro Headwinds


But We Remain Positive On Gold Outlook

2019 net profit grew 4.3% yoy to Rmb4.3b, in line with expectations.

Revenue rose 28% yoy, boosted by production ramp-up, while core margin remained strong at 42.6%.

Looking ahead, Zijin has emphasised its planned rapid production ramp-up for copper and gold in 2020-22 and lower unit costs but is concerned about the outlook for metal prices amid the global COVID-19 outbreak.

We cut 2020-21 net profit forecasts by 21% and 26% on lower copper and zinc price assumptions, but maintain positive on the gold market.

Maintain BUY with a lower target price of HK$4.00.

Source: UOBKH

https://research.uobkayhian.com/content ... c4bd4e577a

Re: Zijin Mining 2899

PostPosted: Wed Mar 25, 2020 11:56 am
by winston
not vested

What’s New

2019 earnings came in above our expectation backed by strong top-line growth with firm margins

Falling metal prices to lead to earnings decline in 2020, revise down earnings forecasts

Retain positive view on the company with growth potential backed by M&As and capacity increase

Maintain BUY call but reduce TPs for A- and H-shares

Source: DBS

Re: Zijin Mining 2899

PostPosted: Mon Apr 27, 2020 1:12 pm
by winston
M Stanley: ZIJIN MINING to Lower 2020 Gold Output Guidance on Porgera Mine Closure

Zijin's Porgera mine halted mining as the Papua New Guinea government had refused to extend the special mining lease.

Morgan Stanley expected the firm to cut its annual gold output guidance by around 40 tonnes on a 5-tonne gold production decline.

ZIJIN MINING was rated at Overweight, with a target of $3.71.

Source: AAStocks Financial News

Re: Zijin Mining 2899

PostPosted: Wed May 06, 2020 11:15 am
by winston
not vested

Zijin Mining (2899 HK)
1Q20: In Line; Gold Production Affected By Suspension Of Porgera Mine


Zijin’s 1Q20 net profit grew 18.9% yoy to Rmb1.04b, in line with expectation.

Revenue rose 25% yoy, boosted by production ramp-up, with core margin remaining resilient at
44.7% with the mixed performance of metals.

We expect Zijin to ramp up domestic and other overseas gold production partially to offset the negative impact from the unexpected suspension of the Porgera mine.

Maintain BUY with a lower target price of HK$3.78 on lower earnings forecasts.

Source: UOBKH

https://research.uobkayhian.com/content ... 8eb8c89e0d