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22992 CTZHJIN@EC2504A (CALL)
RT Nominal up0.132 +0.004 (+3.125%)

05/07/2024 16:06

{I-bank focus}UBS starts Zhaojin Mining (01818) at HKD17.9

[ET Net News Agency, 5 July 2024] UBS initiates coverage of Zhaojin Mining (01818) with
a target price of HKD17.9 and a "buy" rating.
The research house said given the bullish gold price outlook and expansion of the new
Haiyu and Abujar mines, it expects Zhaojin's earnings to reach RMB1.2bn/1.9bn/3bn in
2024/25/26, an implied 85% CAGR and 11%/11%/29% above consensus estimates. (rc)

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