Core Viewpoint - Jiaxin International Resources (03858) has seen its stock price increase by over 5%, reaching a new high of 63.15 HKD, which is nearly five times its IPO price of 10.62 HKD [1] Group 1: Company Overview - Jiaxin International Resources is a tungsten mining company headquartered in Kazakhstan, with its core asset being the Bakuta tungsten project [1] - The company's business model encompasses the entire value chain of tungsten mining, including exploration, extraction, processing, and sales, with tungsten concentrate as its main product [1] Group 2: Market Dynamics - On January 5, Zhangyuan Tungsten announced an increase in long-term procurement prices for its 55% grade black tungsten concentrate, 55% grade white tungsten concentrate, and national standard zero-grade ammonium paratungstate, compared to the second half of December 2025 [1] - Huayuan Securities noted that the tightening supply-demand dynamics have led tungsten prices to exceed 480,000 RMB per ton, setting a new historical high [1] Group 3: Investment Potential - First Shanghai believes that the company is at a critical value release inflection point and possesses world-class core assets, which lay the foundation for long-term growth [1] - The company is considered a rare pure tungsten mining target in the market, with its current stock price offering a high margin of safety and attractiveness [1]
港股异动 | 佳鑫国际资源(03858)涨超5%再破顶 钨业龙头上调长单报价 钨价持续创历史新高