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<Research>M Stanley: ZIJIN GOLD INTL (02259.HK) Full-yr NP Forecast Beats
Recommend 4 Positive 10 Negative 5 |
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ZIJIN GOLD INTL (02259.HK) announced a 2025 preliminary net profit of US$1.5-1.6 billion, up 212-233% YoY, beating the market expectation of US$1.35 billion, Morgan Stanley published a research report saying. The 4Q25 implied profit was US$595-695 million, higher than the US$385 million in 3Q25. The QoQ growth is mainly due to the integration of the RG project in October and higher gold price in 4Q25. The report added that, the Company's gold output in 2025 reached 46.5 metric tons, up from 38.9 metric tons in 2024 (excluding the Porgera project), in line with management's forecast of approx. 47 metric tons. The 2026 production target is set at 57 metric tons of gold, compared to the market consensus of 56.7 metric tons. AASTOCKS Financial News Website: www.aastocks.com |
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