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<Research>UBS Keeps ZIJIN MINING as Industry Top Pick With TP HKD63.5, Predicts Unchanged Copper Mkt Fundamentals
Recommend 2 Positive 10 Negative 4 |
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Despite facing cost pressures, ZIJIN MINING (02899.HK) managed to achieve a net profit of RMB51.8 billion in 2025, representing a YoY growth of 62%, close to the upper limit of the previously announced positive profit alert, UBS's research report said. UBS has reiterated a Buy rating on ZIJIN MINING, with a target price of HKD63.5. Given ZIJIN MINING's earnings and sales achievement capabilities and reasonable valuation, the broker has also kept the company as its industry top pick. Although short-term copper prices may be affected by macro uncertainties, including tensions in the Middle East and oil price fluctuations, UBS believes the long-term fundamentals of the copper market will not be altered, and the recent weakness in stock price may provide a more attractive buying opportunity. AAStocks Financial News |
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