瑞银：升招金矿业(01818)目标价至25.3港元 维持“买入”评级

Group 1 - UBS has raised the target price for Zhaojin Mining (01818) from HKD 23.6 to HKD 25.3, maintaining a "Buy" rating based on an unchanged 18 times 2026 earnings multiple [1] - Zhaojin Mining reported a net profit of RMB 1.44 billion for the first half of the year, representing a year-on-year increase of 160%, with the second quarter net profit at RMB 781 million, up 136% year-on-year [1] - UBS has slightly adjusted its earnings forecasts for Zhaojin Mining, increasing the 2025 and 2026 profit estimates by 2% and 3% respectively, considering a recent internal adjustment of the 2025 gold price to USD 3,230 per ounce, a 4% increase from previous estimates [1]