Core Viewpoint - Macquarie's report indicates that Zhaojin Mining (01818) is continuously expanding its gold mining portfolio and achieving organic growth through exploration [1] Financial Projections - Macquarie has raised Zhaojin Mining's net profit forecasts for 2025, 2026, and 2027 by 10%, 74%, and 50% respectively, reaching RMB 3.617 billion, RMB 4.991 billion, and RMB 4.293 billion [1] - The adjustments reflect expectations of higher gold prices and increased costs [1] Target Price and Rating - The target price for Zhaojin Mining is set at HKD 42, maintaining an "outperform" rating [1] Key Projects - The company's key project, the Haiyu Gold Mine, is currently under construction and is expected to commence production by the end of 2027 or early 2028 [1] Industry Outlook - Macquarie holds a positive view on gold prices, suggesting that Zhaojin Mining, as a low-cost pure gold company, will be a major beneficiary of rising gold prices [1]
麦格理：升招金矿业净利润预测 目标价42港元