On August 5, LINGBAO GOLD rose 5.13% in regular trading, trading at 20.66 HKD/share, with turnover of approximately 68.75 million HKD. The broader gold sector rallied in tandem, with China Gold International up 5.89%, Zijin Gold International up 2.9%, Chifeng Gold up 2.73%, Zijin Mining up 2.3%, and SD Gold up 2.01%.
On the news front, Fed September rate hike expectations have recently declined from 67% to approximately 57%, lowering the opportunity cost of holding non-yielding gold and providing price support. Simultaneously, the People's Bank of China has increased gold reserves for 20 consecutive months, reaching 75.44 million ounces by end of June, reinforcing the long-term floor for gold prices through sustained central bank buying.
Additionally, a recent brokerage report maintained a Buy rating on the company, projecting net profit growth from 2.139 billion yuan to 3.813 billion yuan over the next three years, citing accelerating earnings release from core mine output and overseas project expansion, with current valuations below sector peers.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)