Core Viewpoint - The Hong Kong gold stocks experienced significant gains in the afternoon trading session on September 29, with multiple companies showing notable increases in their stock prices [1] Company Performance - Tongguan Gold (00340.HK) saw a rise of 7.98%, reaching HKD 2.84 [1] - Zhaojin Mining (01818.HK) increased by 6.75%, trading at HKD 31.12 [1] - Zijin Mining (02899.HK) rose by 5.66%, with a price of HKD 32.1 [1] - Shandong Gold (01787.HK) experienced a gain of 4.3%, priced at HKD 37.38 [1] - Chifeng Jilong Gold (06693.HK) increased by 4.1%, reaching HKD 30.5 [1]

Core Viewpoint - The recent surge in the non-ferrous metal sector is driven by a significant policy announcement aimed at stabilizing growth in the industry, leading to a notable increase in stock prices for related companies in both Hong Kong and A-shares markets [3][4]. Group 1: Market Performance - In the Hong Kong stock market, several non-ferrous metal companies saw substantial gains, including Zijin Mining (+5.60%), Ganfeng Lithium (+5.37%), and China Aluminum International (+5.29%) [1]. - A-shares also experienced a positive trend, with companies like Yicheng New Energy and Boqian New Materials hitting the daily limit up, and Hengdian East Magnetic rising by 6.16% [2]. Group 2: Policy Impact - The Ministry of Industry and Information Technology, along with eight other departments, released the "Non-Ferrous Metal Industry Stabilization Growth Work Plan (2025-2026)", projecting an average annual growth of around 5% in the industry's added value and a 1.5% increase in the production of ten major non-ferrous metals [3]. - The plan addresses current challenges in the industry, proposing ten initiatives focused on resource security, supply optimization, transformation promotion, consumption expansion, and strengthening cooperation [3]. Group 3: Industry Outlook - The non-ferrous metal industry is showing strong performance, with a reported 7.8% year-on-year increase in the added value of large-scale non-ferrous metal industries from January to August 2025, outpacing the overall industrial growth [3]. - Analysts from various institutions express optimism about the sector's future, citing factors such as potential interest rate cuts by the Federal Reserve and seasonal demand increases in the aluminum and lithium markets [5].

Core Viewpoint - The gold stocks have seen significant gains in the afternoon trading session, driven by a surge in international gold prices, which have reached historical highs [1] Group 1: Stock Performance - Tongguan Gold (00340) increased by 7.98%, trading at 2.84 HKD [1] - Zhaojin Mining (01818) rose by 6.75%, trading at 31.12 HKD [1] - Zijin Mining (601899) (02899) saw a rise of 5.66%, trading at 32.1 HKD [1] - Shandong Gold (600547) (01787) increased by 4.3%, trading at 37.38 HKD [1] - Chifeng Jilong Gold Mining (600988) (06693) rose by 4.1%, trading at 30.5 HKD [1] Group 2: Gold Price Movement - As of September 29, the spot gold price surpassed 3800 USD/ounce, marking a new historical high with an intraday increase of over 1% [1] - COMEX gold prices reached 3830 USD/ounce [1] Group 3: Market Insights - According to招商期货, the shift in Trump's stance on the Russia-Ukraine conflict and renewed tariff tensions are contributing factors that may lead to continued increases in COMEX gold prices [1] - Morgan Stanley strategists project that by mid-2026, gold prices could reach between 4050 USD and 4150 USD per ounce, indicating potential for further record highs [1]

Core Insights - International gold prices continue to reach historical highs, driving significant increases in Hong Kong-listed gold stocks [1] - Spot gold prices surpassed previous highs, reaching $3,798.54 per ounce, marking a 1% increase [1] - JPMorgan analysts predict gold prices will reach between $4,050 and $4,150 per ounce by mid-2026, indicating potential for further record highs [1] Company Performance - The following gold stocks in Hong Kong experienced notable price increases: - Tongguan Gold rose by 4.18% to HKD 2.740 [2] - Zhaojin Mining increased by 3.89% to HKD 30.480 [2] - Zijin Mining gained 3.49% to HKD 31.440 [2] - Chifeng Jilong Gold rose by 3.14% to HKD 30.220 [2] - Shandong Gold increased by 2.73% to HKD 36.820 [2] - Lingbao Gold rose by 2.63% to HKD 17.960 [2] - Everest Gold increased by 1.47% to HKD 1.380 [2] - China Gold International rose by 1.20% to HKD 134.600 [2] Market Trends - Domestic gold jewelry brands have also seen price increases, with Chow Sang Sang's gold jewelry priced at HKD 1,111 per gram, up by HKD 5 from September 26 [1] - Other brands like Chow Tai Fook and Luk Fook Jewelry maintained their gold jewelry prices at HKD 1,108 per gram [1]

Core Viewpoint - International gold prices continue to reach historical highs, driving significant increases in Hong Kong gold stocks, with forecasts suggesting further price increases in the coming years [1] Group 1: Gold Price Movement - Spot gold prices surpassed previous highs, rising by 1% to $3,798.54 per ounce, marking a new historical peak [1] - JPMorgan strategists predict that by mid-2026, gold prices could reach between $4,050 and $4,150 per ounce, indicating potential for new record highs [1] Group 2: Stock Performance - Hong Kong gold stocks experienced collective gains, with notable increases including: - Tongguan Gold up 4.18% - Zhaojin Mining up nearly 4% - Zijin Mining up 3.5% - Chifeng Jilong Gold up over 3% - Shandong Gold and Lingbao Gold both up nearly 3% - Everest Gold and China Gold International both up over 1% [1] Group 3: Domestic Jewelry Pricing - Domestic gold jewelry brands saw price increases, with specific examples including: - Chow Sang Sang's gold jewelry priced at 1,111 yuan per gram, up 5 yuan from September 26 - Other brands like Chow Tai Fook and Lao Feng Xiang maintaining prices at 1,108 yuan per gram [1]

格隆汇9月29日丨根据联交所最新权益披露资料显示，2025年9月24日，山东黄金(01787.HK)遭Schroders PLC在场内以每股均价38.0119港元减持429.45万股， 涉资约1.63亿港元。 减持后，Schroders PLC最新持股数目为6754.69万股，持股比例由7.22%下降至6.79%。 | 股份代號: | 01787 | | --- | --- | | 上市法國名稱: | 山東黃金礦業股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 29/08/2025 - 29/09/2025 | | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 費出或涉及的 每股的平均價 | | | | 持有權益的股份數目 佔已發行的有關事件的日 相關法 | | | --- | --- | --- | --- | --- | --- | --- | | | 股份數目 | | | | ( 請参関上述 * 註 | | | | | | | | 份百分比 年) | | | CS20250926E00010 | Schroders PLC | 1201(L) | 4.294.50 ...

减持后，Schroders PLC最新持股数目为6754.69万股，持股比例由7.22%下降至6.79%。 | 股份代號: | 01787 | | --- | --- | | 上市法國名稱: | 山東黃金礦業股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 29/08/2025 - 29/09/2025 | 格隆汇9月29日丨根据联交所最新权益披露资料显示，2025年9月24日，山东黄金(01787.HK)遭Schroders PLC在场内以每股均价38.0119港元减持429.45万股， 涉资约1.63亿港元。 | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | 持有權益的股份數目 佔已發行的有關事件的日 相關法 | | | --- | --- | --- | --- | --- | | | 股份數目 | | 請參閱上述 * 註 | | | | | | 份自分比 年) | | | CS20250926E00010 Schroders PLC | 1201(L) | 4,294,500(L) | HKD 38.0119 67,546,90 ...

Core Viewpoint - Shandong Gold (01787) is experiencing significant volatility due to fluctuations in international gold prices, with current technical indicators suggesting a strong medium-term trend but potential short-term pullback risks [1]. Technical Analysis - The stock price of Shandong Gold is currently at 38.36 HKD, having broken above the 10-day moving average, significantly higher than the 30-day moving average of 30.99 HKD and the 60-day moving average of 28.93 HKD, indicating a bullish medium-term trend [1]. - The Relative Strength Index (RSI) has reached 77, and other indicators such as the Williams and Stochastic indicators show overbought conditions, suggesting a possible price correction [1]. - Despite the overbought signals, the Bull-Bear Power indicator and MACD still maintain buy signals, indicating a fierce battle between bulls and bears [1]. Support and Resistance Levels - Key resistance levels are identified at 40.6 HKD and 43.1 HKD, while support levels are at 33.4 HKD and 30.6 HKD, with an initial support level at 34.4 HKD [1]. - If the stock price falls below 34.4 HKD, it may test the 30.6 HKD level [1]. - The stock has shown a 14% volatility over five days, indicating active market participation but also increased risk [1]. Market Performance - Recent performance in the warrant market shows that a call warrant recommended on September 17 achieved an 11% return within two days, driven by a 3.18% increase in the underlying stock [3]. - Investors continue to show interest in gold's hedging properties amid market volatility [3]. Warrant Products - Investors are advised to consider specific warrant products: - Call warrant (20782) with a leverage of 1.8 times and an exercise price of 45.678 HKD, which has favorable leverage and implied volatility [5]. - Bank of China call warrant (20315) offers 3.6 times leverage with an exercise price of 45.8 HKD, suitable for conservative investors due to its low implied volatility [5]. - Given the high volatility of gold stocks, strict position control and clear stop-loss points are recommended for investors [5].

香港联交所最新资料显示，9月24日，Schroders PLC减持山东黄金（600547）(01787)429.45万股，每股 均价38.0119港元，总金额约为1.63亿港元。减持后最新持股数目为6754.69万股，最新持股比例为 6.79%。 ...

智通财经APP获悉，香港联交所最新资料显示，9月24日，Schroders PLC减持山东黄金(01787)429.45万 股，每股均价38.0119港元，总金额约为1.63亿港元。减持后最新持股数目为6754.69万股，最新持股比 例为6.79%。 ...