Changes in Hong Kong stocks | Zijin Gold International (02259) once fell more than 8%, net profit in the third quarter fell by about 12% month-on-month, and UBS lowered the company's target price

The Zhitong Finance App learned that Zijin Gold International (02259) once fell by more than 8%. As of press release, it fell 5.86% to HK$13.9.7, with a turnover of HK$649 million.

According to the news, on the evening of October 19, Zijin Gold International announced that in January-September 2026, revenue was 5.809 billion US dollars, an increase of 70% over the previous year; parent company owners should account for profit of 2,015 billion US dollars, an increase of 123% over the previous year. However, according to the interim results data, the company's third-quarter revenue was about US$1.82 billion and profit attributable to company owners was approximately US$565 million, down about 5.8% and 12%, respectively.

UBS lowered the international target price of Zijin Gold by 3.4%, from HK$203 to HK$196, maintaining the “buy” rating. Zijin Gold's net profit attributable to shareholders for the third quarter of 2026 was US$564 million, down 12% from quarter to quarter. The results fell short of UBS's forecast of 650 million US dollars and the market consensus of 700 million US dollars, mainly because gold production was not as good as expected. The bank expects investor reactions to be negative, as this is the company's second quarter of 2026 earnings that fall short of expectations.