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22374 MSZHJIN@EC2504A (CALL)
RT Nominal unchange0.395 0.000 (0.000%)

17/05/2024 16:00

{I-bank focus}Goldman Sachs raises Zhaojin Mining to HKD16

[ET Net News Agency, 17 May 2024] Goldman Sachs raised the target price for Zhaojin
Mining (01818) to HKD16 from HKD13 and maintained the "buy" rating.
The research house said it revises up recurring EPS estimates by 35-47% for 2024-26E to
incorporate the recent acquisition of Tietto Minerals, higher gold price for 2024E from
the global commodity team and new H-share issuance. (rc)

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