not vested
ZIJIN MINING(2899)
Analysis：
Zijin Mining`s 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq increase of 0.66%;
Net profit attributable to the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in recent years. It has achieved a qualitative leap through the acquisition of overseas mines, and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China. enterprise.
In 2021, Zijin`s three major copper mine projects, the Kamoa Copper Mine, the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons, and the company`s copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $7.20, Target Price: $8.60, Cut Loss Price: $6.35
Source: Phillips
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Zijin Mining 2899
Re: Zijin Mining 2899
by winston » Mon Nov 23, 2020 10:55 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 111942
- Joined: Wed May 07, 2008 9:28 am
Re: Zijin Mining 2899
by winston » Fri Dec 18, 2020 10:34 am
not vested
ZIJIN MINING(2899)
Analysis：
Zijin Mining has achieved a qualitative leap through the acquisition of overseas mines and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China. enterprise.
Zijin Mining`s 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq increase of 0.66%; net profit attributable to the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in recent years.
In 2021, Zijin`s three major c opper mine projects, the Kamoa Copper Mine, ! the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons, and the company`s copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $7.50, Target Price: $8.90, Cut Loss Price: $6.70
Source: Phillips
ZIJIN MINING(2899)
Analysis：
Zijin Mining has achieved a qualitative leap through the acquisition of overseas mines and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China. enterprise.
Zijin Mining`s 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq increase of 0.66%; net profit attributable to the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in recent years.
In 2021, Zijin`s three major c opper mine projects, the Kamoa Copper Mine, ! the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons, and the company`s copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $7.50, Target Price: $8.90, Cut Loss Price: $6.70
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111942
- Joined: Wed May 07, 2008 9:28 am
Re: Zijin Mining 2899
by winston » Mon Jan 18, 2021 11:31 am
not vested
ZIJIN MINING(2899)
Analysis
Zijin Mining has achieved a qualitative leap through the acquisition of overseas mines, and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China. enterprise.
Zijin Mining`s 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq increase of 0.66%;
Net profit attributable to the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in recent years.
In 2021, Zijin`s three major copper mine projects, the Kamoa Copper Mine, the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons, and the company`s copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $8.75, Target Price: $10.40, Cut Loss Price: $7.80
Source: Phillips
ZIJIN MINING(2899)
Analysis
Zijin Mining has achieved a qualitative leap through the acquisition of overseas mines, and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China. enterprise.
Zijin Mining`s 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq increase of 0.66%;
Net profit attributable to the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in recent years.
In 2021, Zijin`s three major copper mine projects, the Kamoa Copper Mine, the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons, and the company`s copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $8.75, Target Price: $10.40, Cut Loss Price: $7.80
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111942
- Joined: Wed May 07, 2008 9:28 am
Re: Zijin Mining 2899
by winston » Tue Feb 02, 2021 11:08 am
not vested
ZIJIN MINING(2899)
Analysis：
Zijin Mining has achieved a qualitative leap through the acquisition of overseas mines, and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China. enterprise.
Zijin Mining`s 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq in crease of 0.66%; net profit attributable to ! the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in recent years. In 2021, Zijin`s three major copper mine projects, the Kamoa Copper Mine, the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons, and the company`s copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $9.05, Target Price: $12.40, Cut Loss Price: $7.28
Source: Phillips
ZIJIN MINING(2899)
Analysis：
Zijin Mining has achieved a qualitative leap through the acquisition of overseas mines, and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China. enterprise.
Zijin Mining`s 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq in crease of 0.66%; net profit attributable to ! the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in recent years. In 2021, Zijin`s three major copper mine projects, the Kamoa Copper Mine, the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons, and the company`s copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $9.05, Target Price: $12.40, Cut Loss Price: $7.28
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111942
- Joined: Wed May 07, 2008 9:28 am
Re: Zijin Mining 2899
by winston » Tue Feb 02, 2021 1:03 pm
not vested
Zijin Mining (2899 HK)
Plans To Double Copper/Gold Production In 2021-25; Reiterate BUY
Zijin Mining posted a positive profit alert with its 2020 net profit expected to grow by
50.6-55.2% yoy to Rmb6.45b-6.65b, in line with our estimates.
Zijin Mining also announced its production plan for 2021-25, targeting to double the production volume of its mine-produced gold/copper by 2025.
It also targets to become a Top 3-5 mining group in the global market by 2030.
We revise up 2021/22 earnings forecasts by 29%/63% respectively on higher production and prices estimates for copper and gold.
Reiterate BUY and raise target price to HK$12.00.
Source: UOBKH
https://research.uobkayhian.com/content ... 97612670f4
Zijin Mining (2899 HK)
Plans To Double Copper/Gold Production In 2021-25; Reiterate BUY
Zijin Mining posted a positive profit alert with its 2020 net profit expected to grow by
50.6-55.2% yoy to Rmb6.45b-6.65b, in line with our estimates.
Zijin Mining also announced its production plan for 2021-25, targeting to double the production volume of its mine-produced gold/copper by 2025.
It also targets to become a Top 3-5 mining group in the global market by 2030.
We revise up 2021/22 earnings forecasts by 29%/63% respectively on higher production and prices estimates for copper and gold.
Reiterate BUY and raise target price to HK$12.00.
Source: UOBKH
https://research.uobkayhian.com/content ... 97612670f4
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111942
- Joined: Wed May 07, 2008 9:28 am
Re: Zijin Mining 2899
by winston » Mon Mar 15, 2021 11:25 am
not vested
Strong earnings growth outlook from strong copper prices and volume growth. We raise our target prices (TPs) for A- and H-shares to RMB12.1 and HK$13, respectively, and retain our HOLD on A-share and BUY on H-share.
This is following upward revisions to our FY21F/FY22F EPS by 55%/68% respectively, factoring our higher metal price forecasts and upward revision of company’s production guidance.
We expect average copper and gold prices in 2021 to increase 26% and 2% to US$7,800/ton and US$1,789/oz respectively.
Valuation
Our TP for A-share is derived from DCF model using 8% WACC and 3% terminal growth rate. Our TP for H-share is derived by factoring in a 10% discount to its A-share TP to account for its historical trading discount.
Our TP of HK$13 implies 25x PE and 4.1x P/BV based on 2021 earnings forecast.
Source: DBS
https://www.dbs.com.sg/treasures/aics/s ... 899_HK.xml
Strong earnings growth outlook from strong copper prices and volume growth. We raise our target prices (TPs) for A- and H-shares to RMB12.1 and HK$13, respectively, and retain our HOLD on A-share and BUY on H-share.
This is following upward revisions to our FY21F/FY22F EPS by 55%/68% respectively, factoring our higher metal price forecasts and upward revision of company’s production guidance.
We expect average copper and gold prices in 2021 to increase 26% and 2% to US$7,800/ton and US$1,789/oz respectively.
Valuation
Our TP for A-share is derived from DCF model using 8% WACC and 3% terminal growth rate. Our TP for H-share is derived by factoring in a 10% discount to its A-share TP to account for its historical trading discount.
Our TP of HK$13 implies 25x PE and 4.1x P/BV based on 2021 earnings forecast.
Source: DBS
https://www.dbs.com.sg/treasures/aics/s ... 899_HK.xml
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111942
- Joined: Wed May 07, 2008 9:28 am
Re: Zijin Mining 2899
by winston » Wed Mar 24, 2021 4:11 pm
not vested
ZIJIN MINING(2899)
Analysis：
Zijin Mining has achieved a qualitative leap through the acquisition of overseas mines, and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China.
Zijin Mining`s 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq increase of 0.66%;
Net profit attributable to the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in recent years.
In 2021, Zijin`s three major copper mine projects, the Kamoa Copper Mine, the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons and the company`s copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $9.85, Target Price: $12.40, Cut Loss Price: $8.28
Source: Phillips
ZIJIN MINING(2899)
Analysis：
Zijin Mining has achieved a qualitative leap through the acquisition of overseas mines, and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China.
Zijin Mining`s 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq increase of 0.66%;
Net profit attributable to the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in recent years.
In 2021, Zijin`s three major copper mine projects, the Kamoa Copper Mine, the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons and the company`s copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $9.85, Target Price: $12.40, Cut Loss Price: $8.28
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111942
- Joined: Wed May 07, 2008 9:28 am
Re: Zijin Mining 2899
by winston » Tue Apr 27, 2021 3:23 pm
not vested
ZIJIN MINING(2899)
Analysis：
Zijin Mining has achieved a qualitative leap through the acquisition of overseas mines, and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China. enterprise.
Zijin Mining's 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq increase of 0.66%;
Net profit attributable to the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in rece! nt years.
In 2021, Zijin's three major copper mine projects, the Kamoa Copper Mine, the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons, and the company's copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $10.85, Target Price: $12.60, Cut Loss Price: $9.80
Source: Phillips
ZIJIN MINING(2899)
Analysis：
Zijin Mining has achieved a qualitative leap through the acquisition of overseas mines, and its resource reserves and output have been greatly increased.
It is currently the largest and most abundant gold, copper, lead and zinc production in China. enterprise.
Zijin Mining's 2020Q3 revenue reported to 47.3 billion yuan, a yoy increase of 37%, and a qoq increase of 0.66%;
Net profit attributable to the parent company was 2.151 billion yuan, a yoy increase of 86.65%, which was the highest single-quarter profit of the company in recent years.
Zijin Mining has achieved leapfrog development in rece! nt years.
In 2021, Zijin's three major copper mine projects, the Kamoa Copper Mine, the Julong Copper Mine, and the Timok Copper and Gold Mine will be put into operation one after another.
The total increase in copper production capacity is close to 500,000 tons, and the company's copper production capacity is expected to be close to 100.
With a level of about 10,000 tons, it ranks among the top copper mining companies in the world.
Strategy：
Buy-in Price: $10.85, Target Price: $12.60, Cut Loss Price: $9.80
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111942
- Joined: Wed May 07, 2008 9:28 am
Re: Zijin Mining 2899
by winston » Thu May 06, 2021 10:18 am
not vested
Valuation
Our TP for A-share is derived from DCF model using 8% WACC and 3% terminal growth rate.
Our TP for H-share is derived by factoring in a 10% discount to its A-share TP to account for its historical trading discount.
Our TP of HK$13 implies 25x PE and 4.1x P/BV based on 2021 earnings forecast.
Source: DBS
https://www.dbs.com.sg/treasures/aics/s ... 899_HK.xml
Valuation
Our TP for A-share is derived from DCF model using 8% WACC and 3% terminal growth rate.
Our TP for H-share is derived by factoring in a 10% discount to its A-share TP to account for its historical trading discount.
Our TP of HK$13 implies 25x PE and 4.1x P/BV based on 2021 earnings forecast.
Source: DBS
https://www.dbs.com.sg/treasures/aics/s ... 899_HK.xml
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111942
- Joined: Wed May 07, 2008 9:28 am
Re: Zijin Mining 2899
by winston » Tue Nov 23, 2021 12:59 pm
not vested
Zijin Mining Group (2899 HK/601899 CH): <News Analysis> Key beneficiary from higher gold prices [BUY, TP HK$13.00/HOLD, TP BMB12.10]
To benefit from higher gold prices as gold price holds near 5-month high at inflation pressures
4Q21 to record quarterly high earnings due to volume growth and intact metal prices
M&A with Neo Lithium Corp to strengthen growth potential.
Retain BUY call with HK$13 TP for H-share
Source: DBS
Zijin Mining Group (2899 HK/601899 CH): <News Analysis> Key beneficiary from higher gold prices [BUY, TP HK$13.00/HOLD, TP BMB12.10]
To benefit from higher gold prices as gold price holds near 5-month high at inflation pressures
4Q21 to record quarterly high earnings due to volume growth and intact metal prices
M&A with Neo Lithium Corp to strengthen growth potential.
Retain BUY call with HK$13 TP for H-share
Source: DBS
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 111942
- Joined: Wed May 07, 2008 9:28 am
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