Group 1 - Zhaojin Mining (01818) has shown strong recent performance, with technical indicators suggesting continued upward momentum in the short term. As of 11:30 AM, the latest price was HKD 20.15, up 2.7%, with the 10-day moving average (HKD 18.3) crossing above the 30-day moving average (HKD 18.01), forming a "golden cross" that reflects a positive short-term trend [1] - The Relative Strength Index (RSI) is at 67, nearing the overbought zone but not extreme, while the MACD shows a "buy" signal. The Bollinger Bands are expanding, indicating potential increased volatility. Key support levels are at HKD 18.6 and HKD 17.8, with resistance at HKD 20.9 and HKD 21.7. A breakthrough above HKD 20.9 could challenge higher levels [1] - The leverage effect of warrants has amplified returns, with Zhaojin Mining's stock price rising 8.76% on May 19, leading to significant gains in related warrants. Morgan Stanley's call option (27406) and UBS's call option (27337) recorded increases of 27% and 29%, respectively, exceeding the stock's rise by more than three times [4] Group 2 - Investors optimistic about Zhaojin Mining's potential to break through the HKD 20.9 resistance should consider longer-dated slightly out-of-the-money call options to balance time decay and leverage benefits. Current call options have varied terms, with exercise prices concentrated around HKD 18 and HKD 30. For instance, in-the-money products like Morgan Stanley's call option (27839) and UBS's call option (27337) have a leverage of 2.8 times, while out-of-the-money products have a leverage exceeding 3.3 times, with expiration dates in late November [7] - The market sentiment around Zhaojin Mining is influenced by strong gold prices and a robust technical outlook, although the RSI and Williams indicators are approaching overbought levels, raising questions about potential profit-taking in the short term. Investors are encouraged to share their strategies regarding whether to opt for warrants or directly purchase the underlying stock [10]

Group 1 - The 10-year U.S. Treasury yield rose by 11.16 basis points to 4.5985%, marking the first time since February 13 that it surpassed the 4.6% threshold [1] - The 20-year Treasury yield increased by 13.21 basis points, reaching a daily high of 5.1247%, approaching the peak of 5.2838% from November 1, 2023 [1] - The 30-year Treasury yield climbed by 12.27 basis points to 5.0923%, nearing the October 23, 2023 peak of 5.1764% and the psychological 6% level [1] Group 2 - Concerns over U.S. fiscal sustainability have led to a significant sell-off in long-term Treasuries, with the 30-year yield surpassing 5%, raising worries about future financing costs [1] - The U.S. stock market experienced a sharp decline, with major indices recording their worst single-day performance in a month, influenced by the pressures from the bond market [1] Group 3 - From a medium to long-term perspective, the decline in U.S. dollar credit and the onset of a Federal Reserve rate cut cycle, along with global central banks increasing gold purchases, suggest that gold prices may continue to trend upward after a short-term adjustment [2] - The easing of tariff policies has improved market risk appetite, putting pressure on the safe-haven attributes of precious metals in the short term [2] - In the context of global trade policy uncertainty and ongoing central bank gold purchases, gold prices are expected to exhibit a pattern of rising more easily than falling [2] Group 4 - Companies related to gold and precious metals include Zijin Mining (02899), Shandong Gold (01787), Zhaojin Mining (01818), Lingbao Gold (03330), China Gold International (02099), WanGuo Gold Group (03939), LaoPu Gold (06181), and JiHai Resources (02489) [3]

点击蓝字，关注我们 今日上午港股 1、美图高开15% ，创近7年新高，与阿里合作并获得2.5亿美元战投； 2、万国数据（09698）绩后高开6% ，一季度营收同比增长12%，净利润实现扭亏为盈； 3、三生制药(01530)高开近3% 近日与辉瑞达成重磅交易 进一步验证707商业化出海潜力； 4、高鑫零售(06808)涨超10% 全年扭亏为盈赚4.05亿元 末期息派17港仙； 5、哔哩哔哩-W(09626)绩后涨超3% 首季度毛利润同比增近六成 效果类广告收入取得强劲增长； 6、黄金股集体走高， 地缘冲突升温避险需求提升 国际金价一度涨穿3300美元。 赤峰黄金(06693)涨 6.43%； 招金矿业(01818)涨 超5%，海域金矿投产在即； 山东黄金(01787) 涨4.03% ； 紫金矿业(0289 9) 涨3.51%。 7、泡泡玛特(09992)涨超5%再创新高 ，大摩称Labubu带动新店开业，越南供应链进展超预期； 8、中通快递跌超6% ，Q1毛利率下滑； 9、康方生物(09926)涨超6% 三生制药PD-1双抗出海刷新纪录 公司依沃西战胜K药； 10、老铺黄金(06181)涨超6% 618开门红首 ...

港股黄金股走强，赤峰黄金(06693.HK)涨超6%，灵宝黄金(03330.HK)涨超4%，山东黄金(01787.HK)、 招金矿业(01818.HK)等跟涨。 ...

港股黄金股低开，赤峰黄金(06693.HK)跌3.8%，招金矿业(01818.HK)、山东黄金(01787.HK)跌2.4%，灵 宝黄金(03330.HK)、紫金矿业(02899.HK)跟跌。 ...

5月12日，中美日内瓦经贸会谈联合声明，全球风险资产闻声大涨，港股尾盘爆拉。 截至收盘，恒生科技指数收涨5.16%，恒生指数、国企指数分别上涨2.98%及3.01%，恒指上扬近700点。 | 名称 へ | | 最新价 | 涨跌额 | 涨跌幅 | | --- | --- | --- | --- | --- | | 恒生指数 | | 23549.46 | +681.72 | +2.98% | | 800000 | Ship of the | | | | | 国企指数 | | 8559.23 | +250.40 | +3.01% | | 800100 | | | | | | 恒生科技指数 | | 5447.35 | +267.10 | +5.16% | | 800700 | Sun | | | | 盘面上，大型科技股拉升走强，其中，京东、阿里巴巴涨超6%；大金融股(银行、保险、券商)、中字头等权重股齐涨；由于中美贸易战缓和，苹果概念股、 汽车股、家电股、海运股尾盘涨幅进一步扩大；军工股、手游股、航空股、半导体股、光伏股纷纷上涨。反之，黄金股逆势大跌，药品股普遍走低。 | 行业热力图 × | 领涨板块 | | | | ...

智通财经5月12日电，截至发稿，灵宝黄金(03330.HK)跌6.14%、招金矿业(01818.HK)跌5.95%、山东黄 金(01787.HK)跌5.51%、中国黄金国际(02099.HK)跌3.95%、潼关黄金(00340.HK)跌2.48%。 港股黄金股延续跌势 灵宝黄金跌超6% ...

Group 1 - Hong Kong gold stocks declined, with Lingbao Gold (03330.HK) and Zhaojin Mining (01818.HK) falling over 6% [1] - Shandong Gold (01787.HK) and Chifeng Jilong Gold Mining (06693.HK) dropped by 5.5% [1]

Group 1 - The core viewpoint of the article highlights the performance of the CSI Hong Kong 300 upstream index, which has seen an increase of 8.15% over the past month but a decline of 2.93% over the last three months and a year-to-date decrease of 2.65% [2] - The CSI Hong Kong 300 upstream index is composed of securities selected from the CSI Hong Kong 300 index based on industry classification, reflecting the overall performance of various thematic securities listed on the Hong Kong Stock Exchange [2][3] - The top ten holdings of the CSI Hong Kong 300 upstream index include China National Offshore Oil Corporation (29.31%), PetroChina Company Limited (12.47%), Zijin Mining Group (10.38%), China Shenhua Energy Company (10.05%), and Sinopec Limited (9.52%) [2] Group 2 - The market sectors represented in the CSI Hong Kong 300 upstream index are entirely from the Hong Kong Stock Exchange, with the oil and gas sector accounting for 51.69%, coal at 18.07%, precious metals at 15.59%, industrial metals at 9.95%, and rare metals at 3.15% [3] - The index samples are adjusted semi-annually, with adjustments implemented on the next trading day following the second Friday of June and December each year, and can also be adjusted temporarily under special circumstances [3]

Investment Rating - The report assigns a "Buy" rating for Zhaojin Mining, with a target price of 29.6 HKD, indicating a significant upside from the current price of 18.84 HKD [5]. Core Views - Zhaojin Mining is positioned as a high-potential gold enterprise with three main advantages: strong management capabilities through its partnership with Zijin Mining, an imminent increase in production from the Haiyu Gold Mine, and a cost advantage due to high-quality resources [1][2][4]. Summary by Sections Company Overview - Zhaojin Mining, established in 2004, is a comprehensive gold producer and refiner based in Shandong, China, with over 20 gold mines and a resource reserve exceeding 1,300 tons, ranking third among domestic gold mining companies [1][12]. Management and Strategic Partnership - The acquisition of a 20% stake by Zijin Mining for 4.06 billion CNY in late 2022 has positioned Zijin as the second-largest shareholder, enhancing Zhaojin's operational management and resource acquisition capabilities [1][14][15]. Financial Analysis - The company's revenue has shown steady growth, with a projected net profit of 36.1 billion CNY in 2025, reflecting a PE ratio of 18.5 [4][19]. The average profit per gram of gold is expected to rise from 116 CNY/g in 2018 to 355 CNY/g in 2024, driven by rising gold prices [2][39]. Resource Strength - Zhaojin Mining holds over 1,446 tons of gold resources, with 517 tons being extractable. The Haiyu Gold Mine, expected to start production in 2025, is projected to significantly boost the company's output [29][30][44]. Production Capacity - The company has maintained a stable gold production level of around 20 tons annually, with expectations for increased output following the commissioning of new mines [36][38]. Cost Structure - Zhaojin Mining benefits from a low-cost production structure, with an average cost of 214 CNY/g for gold, which is competitive within the industry [39][41]. Market Outlook - The report anticipates that gold prices will continue to rise due to various factors, including inflation risks and a potential decline in the US dollar index, which could further enhance Zhaojin's profitability [3][4].