Key Takeaways HMY is advancing Wafi-Golpu and Eva Copper to diversify beyond South African gold operations. Wafi-Golpu holds 13M ounces of gold while Eva Copper is expected to produce up to 60K tons annually. Harmony's shares are up 64.9% in a year, with 2025 EPS estimates implying 190.8% year-over-year growth.Harmony Gold Mining Co. Ltd. (HMY) is positioning itself for long-term growth through disciplined execution of two transformative development projects — the Wafi-Golpu copper-gold project in Papua N ...

Key Takeaways Harmony Gold has gained 75.4% YTD, outperforming its industry and benefiting from higher gold prices. Projects like Wafi-Golpu and Eva Copper support HMY's growth and global expansion into gold and copper. HMY trades at 5.05X forward earnings, about 60% below its industry average, highlighting its value appeal.Harmony Gold Mining Company Limited’s (HMY) shares have popped 75.4% this year, outperforming the Zacks Mining – Gold industry’s growth of 53% and the S&P 500’s rise of 5.9%. The rally ...

Core Insights - Harmony Gold Mining Co. Ltd. (HMY) experienced a 24% increase in all-in-sustaining costs (AISC) in Q3 FY25, with total cash costs rising 22% year over year, indicating pressure on margins due to higher labor and electricity costs [1][6]. Cost Structure - Labor and electricity are the largest components of Harmony's cost structure, contributing significantly to the overall increase in costs [1][6]. - Electricity costs rose by 21% in fiscal 2024 due to higher tariffs from Eskom, and the company is implementing energy-saving initiatives and a renewable energy program, but relief from high electricity costs is not expected in the near term [2]. Peer Comparison - AngloGold Ashanti plc reported a 1% year-over-year increase in AISC to $1,640 per ounce, with managed operations seeing a 2% decline in AISC, while non-managed joint ventures experienced a 37% surge [3]. - Gold Fields Limited reported a 7% year-over-year decline in AISC to $1,625 per ounce, with expectations for AISC in the range of $1,500-$1,650 per ounce for FY25 [4]. Stock Performance and Valuation - HMY shares have increased by 78.1% year to date, outperforming the Zacks Mining – Gold industry, which rose by 53% [5][6]. - The Zacks Consensus Estimate for HMY's fiscal 2025 earnings suggests a year-over-year increase of 190.8%, with EPS estimates trending higher over the past 60 days [7]. - HMY is trading at a forward 12-month earnings multiple of 5.13, representing a 59.4% discount to the industry average of 12.62X, and holds a Value Score of B [8].

Group 1 - Guolian Minsheng (01456) expects a net profit of RMB 1.129 billion for the first half of 2025, representing a year-on-year increase of approximately 1183% [1] - NIO-SW (09866) saw a rise of over 10% as its sub-brand, Lido, officially launched pre-sales for its new model L90, priced starting at RMB 279,900, which is competitive against similar models [1] - China CNR (01766) rose over 7% following a profit warning, with the rail transit equipment industry showing high demand and Q2 performance exceeding expectations [1] Group 2 - Coal stocks experienced a broad increase, with companies like China Qinfa (00866) and China Shenhua (01088) rising over 4%, driven by strong coal prices amid high temperatures [1] - Zijin Mining (02899) saw a rise of 1.5%, with expected net profit growth of about 54% year-on-year for the first half of the year, although short-term impacts from copper tariffs are anticipated [1] Group 3 - WanGuo Data-SW (09698) increased over 6% after its REIT completed offline inquiries with a subscription multiple of 166 times, indicating significant valuation potential [2] - Hengrui Medicine (01276) rose over 4%, reaching a new high, with expectations that its performance and business development will act as key catalysts [2] - China Shipbuilding Defense (00317) increased over 5% as the merger of two shipbuilding companies approaches completion, with Q2 performance exceeding expectations [2] Group 4 - Bitcoin-related stocks saw significant gains, with Bit Origin (BTOG.US) rising 51.72% and SharpLink Gaming (SBET.US) increasing 17.15%, driven by a surge in Bitcoin prices [3] - Gold stocks strengthened amid geopolitical tensions, with Gold ETF (GLD.US) rising 0.96% and Barrick Mining (B.US) increasing 0.71% [3] Group 5 - British Petroleum (BP.US) rose 3.55% as the company anticipates an increase in Q2 oil production and strong trading performance [7] - Huami Technology (ZEPP.US) surged over 69%, projecting a 30% revenue growth for Q2, marking its first growth in three years [7]

Company Performance - Harmony Gold (HMY) closed at $14.62, reflecting a +1.67% change from the previous day's closing price, outperforming the S&P 500's daily loss of 0.33% [1] - The stock has decreased by 3.75% over the past month, underperforming the Basic Materials sector's gain of 1.87% and the S&P 500's gain of 4.07% [1] Earnings Estimates - The upcoming earnings release is anticipated, with Zacks Consensus Estimates projecting earnings of $2.85 per share and revenue of $0 million, indicating a +190.82% change in earnings from the previous year [2] - Recent estimate revisions are crucial as they reflect near-term business trends and analyst optimism regarding profitability [3] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Harmony Gold at 1 (Strong Buy), with a historical average annual return of +25% for stocks rated 1 since 1988 [5] - Over the past month, the Zacks Consensus EPS estimate for Harmony Gold has increased by 17.77% [5] Valuation Metrics - Harmony Gold's Forward P/E ratio is 5.05, which is a discount compared to the industry average Forward P/E of 13.04 [6] - The company has a PEG ratio of 0.09, significantly lower than the Mining - Gold industry's average PEG ratio of 0.55 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 23, placing it in the top 10% of over 250 industries [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7]

Key Points - The article highlights significant stock movements in the Hong Kong and US markets, with various companies experiencing notable gains and losses due to recent developments and announcements [1][2][3][4][5] Hong Kong Market Highlights - China Rare Earth Holdings (03788) surged nearly 20%, with a year-to-date increase of 320%, as the company proposed a spin-off of its gold segment for independent listing on the Hong Kong Stock Exchange [1] - Innovent Biologics (09969) rose nearly 4% after announcing the clinical approval of its new ADC innovative drug ICP-B794 [1] - North Sea Kangcheng - B (01228) increased over 50%, with its stock price doubling in three days, marking it as a rare disease stock in the Hong Kong market [1] - Hong Kong Travel (00308) saw a rise of over 24%, achieving a year-to-date stock price doubling, driven by market speculation on stablecoin cross-border payment scenarios [1] - CSPC Pharmaceutical Group (01093) gained nearly 3% after receiving drug registration approval for Mesalazine enteric-coated tablets, enhancing its product line in the immune system treatment sector [1] - Ruian Real Estate (00272) rose over 4%, with a cumulative contract property sales amount for the first six months increasing by 457% year-on-year [1] - Cornerstone Pharmaceuticals - B (02616) increased over 3%, planning to raise HKD 467 million for clinical research on CS2009 [1] - Q Technology (01478) rose over 7%, with mobile camera module sales of 32.648 million units in June, a year-on-year increase of 1.5% [1] - Dekang Agriculture and Animal Husbandry (02419) increased by 6%, with a new cycle logic continuing to strengthen, and Tianfeng Securities set a target price of HKD 154 [1] - Contemporary Amperex Technology (03750) rose over 3%, reaching a new high since its listing, following a deepened strategic cooperation agreement with Geely Automobile [2] - Gaming stocks continued to rise, with Wynn Macau (01128) up 6.49%, New World Development (00200) up 6.15%, and others showing similar gains [2] - Gold stocks faced declines, with Golden Resources (GORO.US) dropping nearly 10% and others following suit [4] US Market Highlights - Stablecoin concept stocks continued to rise, with Tiger Brokers (TIGR.US) increasing over 8% [4] - Trump Media & Technology Group (DJT.US) rose over 2% as the company seeks SEC approval for a blue-chip cryptocurrency ETF [4] - Wolfspeed (WOLF.US) continued to rise, with stock prices increasing over 9% [4] - Intel (INTC.US) rose over 7% after announcing company-wide layoffs [4] - JD.com (JD.US) increased over 2% as it launched its "Double Hundred Plan" for its delivery service [4]

Core Insights - In times of market volatility, investors often prefer value investing, seizing opportunities to buy undervalued stocks as others sell at lower prices [1][2] Value Investment Strategy - Value investing can lead to "value traps" where stocks underperform due to persistent issues rather than temporary problems [3] - Key metrics for identifying value stocks include dividend yield, P/E ratio, and P/B ratio [3] Importance of PEG Ratio - The PEG ratio, defined as (Price/Earnings)/Earnings Growth Rate, is a crucial metric for assessing a stock's intrinsic value [4][5] - A low PEG ratio is favorable for value investors, but it has limitations, such as not accounting for changing growth rates [5] Screening Criteria for Value Stocks - Effective screening criteria for value stocks include a PEG ratio less than the industry median, a P/E ratio below the industry median, Zacks Rank 1 or 2, market capitalization over $1 billion, average 20-day volume greater than 50,000, and upward earnings estimate revisions greater than 5% [6] Selected Stocks - Carnival Corporation (CCL) has a five-year growth rate of 28.5% and a Zacks Rank 2 with a Value Score of A [7][9] - Harmony Gold Mining (HMY) shows a long-term historical growth rate of 73.4%, a Zacks Rank 1, and a Value Score of B [7][10][11] - Dollar Tree (DLTR) has a five-year expected growth rate of 6.7% and a Zacks Rank 2 with a Value Score of B [7][12][13] - Greif, Inc. (GEF) has a long-term expected earnings growth rate of 9.9%, a Value Score of A, and a Zacks Rank of 1 [7][14]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

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Group 1 - Harmony Gold Mining Company Limited (HMY) has entered into a binding agreement to acquire 100% of MAC Copper Limited for $12.25 per share, valuing MAC at approximately $1.03 billion [1] - The acquisition aligns with Harmony's strategy of becoming a low-cost, globally diversified gold and copper producer through disciplined capital deployment [3] - The CSA Copper Mine, which MAC owns, is one of Australia's highest-grade copper mines, producing over 40,000 tons per annum (ktpa) of copper concentrate with a reserve life exceeding 12 years [4] Group 2 - Harmony has a strong track record of successful acquisitions, including Hidden Valley and the Eva Copper Project, which supports its transformation into a global gold and copper producer [2] - The acquisition is expected to enhance Harmony's operational excellence and margins, complementing its existing operations in Australasia [4] - The transaction is anticipated to be completed in the December quarter of 2025, with MAC becoming a fully-owned subsidiary of Harmony [5] Group 3 - Shares of Harmony Gold have surged 62% in the past year, outperforming the industry average rise of 41.5% [5]