Changes in Hong Kong stocks | Zhaojin Mining (01818) rose more than 10%, and the offshore gold mine is expected to open up room for growth, institutions say it has long-term strategic allocation value

The Zhitong Finance App learned that Zhaojin Mining (01818) continues to rise. As of press release, it rose 10.16% to HK$20.38, with a turnover of approximately HK$374 million.

According to the news, the price of gold showed a V-shaped reversal today. As of press release, spot gold rose above 4,060 US dollars, rising more than 1% during the day. Zhongtai Securities pointed out that after experiencing a deep correction in the first half of the year, the current valuation level of mineral gold companies has fallen sharply to a low level and has high odds. In the future, in addition to repairing the valuation market, it is expected that they will further enjoy the price flexibility brought about by rising gold prices. The process of rising gold prices itself continues to enhance the winning rate of gold stock investment.

First Shanghai pointed out earlier that the Zhaojin mining industry is in the best period of development opportunity in its history. The 2025 performance explosion validated the strong profitability of its existing business, and the offshore gold mine's 2028 production is expected to contribute at least 15 tons of gold, opening up unparalleled room for future growth. The bank believes that the company is a core target with high certainty and strong growth in the gold sector, and has long-term strategic allocation value.