回顧近期熱門窩輪表現，2026年1月2日推出的多隻紫金礦業相關產品，在其後兩日都呈現出強勁的彈性。其中法巴牛證（63568）兩日後升幅達30%，同期 正股僅上漲3.57%；法興牛證（60105）兩日後升幅亦有24%，同樣跑贏正股表現。呢兩隻牛證之所以能有如此突出的回報，核心在於正股上漲帶動下，牛證 的槓桿效應充分釋放，放大了正股的漲幅收益，體現出高Delta對正股波動的敏感度。另外，瑞銀認購證（22176）及中銀認購證（15329）兩日後升幅分別 為23%及22%，同樣受惠於正股的上漲走勢，展現出不錯的彈性。 【窩輪透視】紫金窩輪複盤：漲4.48%創近期高位，高彈性標的成獲利首選 紫金礦業（02899）1月6日全日收報38.26元，單日漲4.48%，成交額達38.28億元，表現相當活躍。紫金今日（7日）上午10點45分最新報38.56元，暫微升 0.89%，阻力位在40.4元及42.3元；支持位分別為35.4元及33.9元。MA10、MA30、MA60分別處於35.6元、33.51元、32.97元，正股價格已站穩各主要均線之 上，呈現強勢格局。指標方面，RSI為70，威廉指標顯示超買狀態並發出賣出信號，隨機震 ...

香港交易及結算所有限公司與香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致 的任何損失承擔任何責任。 MMG LIMITED 五礦資源有限公司 （於香港註冊成立的有限公司） （股份代號：1208） （債券股份代號：5959） 自願性公告 KHOEMACAU 擴建項目獲批 五礦資源有限公司（本公司）董事會（董事會）欣然宣佈，已批准博茨瓦納 Khoemacau 銅礦 的重大擴建項目的可行性研究，並正式啟動建設。該項目旨在將年產能提升至 130,000 噸銅 精礦含銅，並使伴生銀的年產量超過 4 百萬盎司。 本項目將包括： 展望未來，Khoemacau 礦區已通過持續勘探活動，識別出進一步擴產的潛力，年產能有望 提升至 200,000 噸銅。本公司計劃於二零二六年啟動下一階段擴建的預可行性研究。 趙晶 香港，二零二五年十二月二十九日 於本公告日期，董事會由七名董事組成，包括一名執行董事趙晶先生；兩名非執行董事張樹強先生及曹 亮先生（董事長）；及四名獨立非執行董事 Peter William Cassidy 博 ...

Company Recommendations - China Telecom (0728) is recommended for purchase with a target price of 6.50 HKD, indicating a potential upside of 15.0% from the current price of 5.65 HKD [2][11] Market Overview - The Hang Seng Index (HSI) closed at 25,976 points, with a year-to-date increase of 29.50% [4] - The market is currently observing a short-term support level around 25,000 points, influenced by the Federal Reserve's expected interest rate cuts and the economic outlook in China [2] Financial Performance - For the first three quarters of 2025, China Telecom reported a slight revenue increase of 0.6% year-on-year, with service revenue growing by 0.9% [7] - EBITDA increased by 4.2%, and net profit attributable to shareholders rose by 5.0% year-on-year [7] - In Q3 2025, revenue slightly declined by 0.9% year-on-year, while service revenue grew by 0.5% [7] Cloud Services - China Telecom's Tianyi Cloud is in a transitional phase, with revenue growth slowing down; however, AI-driven smart computing services saw a significant increase of 62.3% year-on-year [8][9] - The company did not disclose Tianyi Cloud's revenue for Q3 2025, but it reported 57.3 billion RMB in revenue for the first half of 2025, reflecting a 3.8% year-on-year growth [8] Government Policies and Economic Outlook - The government is expected to encourage the application of AI-related cloud computing technologies during the 14th Five-Year Plan period, which may benefit China Telecom's cloud business [9] - The anticipated rise in Chinese government bond yields is expected to be limited, making China Telecom a relatively attractive high-dividend stock choice [10] Financial Projections - Revenue projections for China Telecom are as follows: 5,342.9 billion RMB for FY25 and 5,466.6 billion RMB for FY26 [11] - The forecasted net profit attributable to shareholders is 349.6 billion RMB for FY25 and 370.2 billion RMB for FY26 [11]

Core Insights - The report highlights the potential for Zijin Mining (2899) with a target price of HKD 38.00, indicating a potential upside of 14.9% from the current price of HKD 33.08 [10][15] - The macroeconomic environment suggests a supportive stance for the Hong Kong stock market, with the Hang Seng Index expected to find short-term support around 25,000 points [2][4] Company Analysis - Zijin Mining has faced supply disruptions due to the shutdown of several large mines, leading to downward revisions in global copper production forecasts for 2025 and 2026 [10] - The company is expected to benefit from increased demand for copper driven by AI investments, green energy transitions, and defense spending, with projections indicating a supply-demand imbalance over the next decade [11] - Zijin Mining's operational performance has exceeded market expectations, with a 10% year-on-year increase in revenue to RMB 254.2 billion and a 55% increase in net profit to RMB 37.86 billion in the first three quarters of the year [12] - The company has a diversified global mining portfolio, operating in 17 countries, which helps mitigate risks associated with supply chain disruptions [13] - If metal prices continue to rise, earnings forecasts for 2026 could be adjusted upwards, with projected earnings per share increasing by approximately 28% to RMB 2.475 [14] Industry Insights - The macroeconomic focus includes stabilizing the real estate market and promoting domestic demand, with the central economic work conference emphasizing the need for targeted fiscal policies [4][18] - The retail sector is expected to undergo innovation and transformation during the 14th Five-Year Plan period, with increased policy support anticipated [4][18] - The automotive industry in China is projected to see significant growth, with exports expected to reach 7 million vehicles in 2025, driven by strong demand for AI-related electronic products [4][18]

重要提示 閣下如對本招股章程的任何內容有任何疑問，應諮詢獨立專業意見。 XIZANG ZHIHUI MINING CO., LTD.* 西藏智匯礦業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 全球發售 全球發售的發售股份數目 : 121,952,000股H股 香港發售股份數目 : 12,196,000股H股（可予重新分配） 國際發售股份數目 : 109,756,000股H股（可予重新分配） 最高發售價 : 每股H股4.51港元，另加1%經紀佣金、 0.0027%證監會交易徵費、0.00015% 會財局交易徵費及0.00565%聯交所 交易費（須於申請時以港元繳足， 多繳股款可予退還） 面值 : 每股H股人民幣1.00元 股份代號 : 2546 聯席保薦人、整體協調人、聯席全球協調人、 聯席賬簿管理人及聯席牽頭經辦人 聯席賬簿管理人及聯席牽頭經辦人 聯席牽頭經辦人 香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算有限公司對本招股章程的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本招股章程全部或任何部分內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 ...

在美元走弱預期升溫的宏觀背景下，以黃金和銅為代表的國際金屬價格近期表現強勢，為資源類股票提供了有力的基本面支撐。紫金礦業(02899)作為行業 龍頭，股價近期隨商品熱潮同步上行。目前升幅3.37%，股價34.32元。從圖表走勢觀察，紫金礦業當前已站在10天、30天及60天均線之上（分別約為31.79 元、31.91元、31.75元），形成穩固的多頭排列格局，這為短期走勢提供了良好的技術基礎。 | 1言號戀結 | 賞出信號 | | --- | --- | | 中立 | 8 6 | 然而，隨著股價上行，技術指標也開始發出一些值得關注的信號。一方面，代表中期趨勢的MACD、牛熊力量及一目均衡表指標均發出清晰的「買入」信 號，確認了上升動能的強勁；但另一方面，反映短期超買壓力的威廉指標已進入「超買狀態」。這種長短週期指標的背離，往往預示著股價在衝關前可能需 要進行一次短暫的蓄力或整固。面對這種局面，投資者應如何平衡對趨勢延續的樂觀與對短期技術調整的警惕？ 上方阻力方面，股價正逼近首個關鍵測試位34.9元，若能成功突破，下一目標將看向36.7元。下方支撐則顯得相對堅實，31.8元是近期的第一道防線，而30.9 元則被視 ...

本公司將繼續與英美資源集團及歐盟委員會合作，協助歐盟委員會進行審查。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而産生或因倚賴該等內容而引致 的任何損失承擔任何責任。 MMG LIMITED 五礦資源有限公司 （於香港註冊成立之有限公司） （股份代號：1208） 自願性公告 收購英美資源鎳業務 五礦資源有限公司（本公司或五礦資源）謹此提述其於二零二五年二月十八日刊發有關有條件 收購英美資源集團於巴西之鎳業務（收購事項）之公告及其於二零二五年十一月五日刊發有關 歐盟委員會現正進行合併管制審查之公告。 本公司與英美資源完成收購事項的義務須待若干先決條件（條件）已獲滿足或豁免後方可生效， 包括：於多個司法管轄區取得合併管制批准；獲中華人民共和國國家發展和改革委員會（發改 委）接納與收購事項有關的申報；以及獲中華人民共和國商務部（商務部）接納與收購事項有 關的申報。 鑑於所有其他條件均已滿足，歐盟委員會已將審查延長至第二階段審查。目前尚未確定歐盟委 員會完成審查所需時間。 根據股份購買協議，完成條件的最終期 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而産生或因倚賴該等內容而引致 的任何損失承擔任何責任。 MMG LIMITED 五礦資源有限公司 （於香港註冊成立之有限公司） （股份代號：1208） 自願性公告 歐盟委員會第二階段審查 香港，二零二五年十一月五日 於本公告日期，董事會由八名董事組成，包括一名執行董事趙晶先生；三名非執行董事徐基清先生 （董事長）、張樹強先生及曹亮先生；及四名獨立非執行董事 Peter William Cassidy 博士、梁卓恩先 生、陳嘉強先生及陳纓女士。 五礦資源將繼續與英美資源及歐盟委員會合作，協助歐盟委員會進行審查。 承董事會命 五礦資源有限公司 行政總裁兼執行董事 趙晶 - 1 - 本公司與英美資源完成收購事項的義務須待若干先決條件（條件）已獲滿足或豁免後方可生效， 包括：於多個司法管轄區取得合併管制批准；獲中華人民共和國國家發展和改革委員會（發改 委）接納與收購事項有關的申報；以及獲中華人民共和國商務部（商務部）接納與收購事項有 關的申報。 五礦資源有限公司（本 ...

Group 1: Market Overview - The Hang Seng Index has shown a slight decline of 0.33%, closing at 26,346 points, with market sentiment remaining cautious [1] - Support levels are identified at approximately 25,700 points, with potential further declines below 26,000 points [1] - Technical signals indicate a predominance of "sell" signals, with 10 sell signals compared to only 6 buy signals [1] Group 2: HSBC Holdings (00005.HK) - HSBC Holdings has experienced a notable increase in stock price, with significant trading volume, indicating positive investor sentiment [5] - The resistance level is at 109.7 HKD, and if surpassed, the stock could rise to 110 HKD or even 113.8 HKD [5] - Support levels are identified at 101.8 HKD and 97.6 HKD, with a recommendation for investors to consider products with a redemption price below 95 HKD for safety [5] Group 3: Semiconductor Manufacturing International Corporation (00981.HK) - The stock price has slightly decreased but remains above the Bollinger Bands middle line, closing at 80.1 HKD [10] - The support level is at 74.5 HKD, indicating a risk of further declines below the current price [10] - Technical signals are predominantly "sell," suggesting potential for further downward movement [10] Group 4: AIA Group Limited (01299.HK) - AIA has shown strong upward movement, with significant increases in stock price and trading volume [16] - The resistance level is at 76.2 HKD, and if broken, the stock could rise to 78.4 HKD [16] - The stock is approaching the upper limit of the Bollinger Bands, indicating a potential peak [16] Group 5: Zijin Mining Group (02899.HK) - Zijin Mining's stock price has decreased, closing at 31.08 HKD, nearing the lower limit of the Bollinger Bands [21] - The support level is at 29.8 HKD, with potential further declines to 26.8 HKD if this level is breached [21] - Current technical signals are neutral, indicating a lack of clear direction for investors [21] Group 6: Tencent Holdings (00700.HK) - Tencent's stock price has declined, closing at 646.6 HKD, while maintaining position above the Bollinger Bands middle line [26] - The support level is at 625 HKD, with potential further declines to 596 HKD if this level is broken [26] - Technical signals are predominantly "sell," with 10 sell signals compared to 5 buy signals, indicating a weak short-term outlook [26]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 2025年第三季度天然鈾產量 | | 計劃產量 | 實際產量 | 計劃完成率 | | --- | --- | --- | --- | | | (tU) | (tU) | | | 謝公司 | | | | | 謝礦(Semizbay Mine) | 91.2 | 74.9 | 82.1% | | 伊礦(Irkol Mine) | 108.1 | 109.7 | 101.5% | | 小計 | 199.3 | 184.5 | 92.6% | | 奧公司 | | | | | 中礦(Central Mynkuduk Deposit) | 407.2 | 400.1 | 98.3% | | 扎礦(Zhalpak Deposit) | 61.2 | 59.6 | 97.4% | | 小計 | 468.4 | 459.7 | 98.1% | | 合計 | 667.7 | 644.3 | 96.5% | 註： 鑒於謝公司 ...