Core Viewpoint - Jaxin International Resources (03858) has seen its stock price rise over 7%, reaching a new high of 92.25 HKD, with a market capitalization exceeding 40 billion HKD, driven by rising tungsten prices and strong market positioning [1] Group 1: Stock Performance - The stock price increased by 7.73%, trading at 92 HKD with a transaction volume of 170 million HKD [1] - The company achieved a new listing high, indicating strong investor interest and confidence in its market potential [1] Group 2: Market Conditions - Tungsten powder prices have surpassed the 1.4 million RMB mark, while the price for 65% black tungsten concentrate is reported at 570,000 RMB per standard ton, reflecting a 23.9% increase since the beginning of the year [1] - Ammonium paratungstate (APT) prices are at 845,000 RMB per ton, showing a 26.1% rise year-to-date [1] Group 3: Company Positioning - First Shanghai highlights the company as a rare pure tungsten mining target in the market, suggesting a high safety margin and attractiveness of the current stock price [1] - CICC's research report emphasizes the company's focus on the Bakuta tungsten mine in Kazakhstan, expressing strong confidence in its future prospects due to a potentially tight global tungsten supply-demand balance and expected price increases [1] - The company is positioned to become a leading player in the Central Asian mining sector, supported by four core competitive advantages [1]
佳鑫国际资源涨超7%刷新上市新高 总市值已突破400亿港元