First Shanghai: Maintains a "buy" rating on China Gold International (02099.HK) with a target price raised to HK$167.07.

The Zhixin Finance APP learned that First Shanghai has released a research report stating that it maintains a "buy" rating on China Gold International (02099.HK) and raises its target price to 167.07 Hong Kong dollars. The bank believes that the resumption of production at the Jiama mine is not only a turning point for the company's performance, but also the starting point of a new growth cycle. The company's "three-step" plan is key to unlocking the next phase of production capacity bottlenecks, directly driving significant growth in copper, gold, and other major metal production. In addition to the expectation of sustained high copper and gold prices in the current global macroeconomic environment, as well as the significant cost advantages of the Jiama mine itself, the bank expects the company's future profitability to experience explosive growth. The huge potential of peripheral exploration has opened up longer-term possibilities for the company.