On August 21, JIAXIN INTL RES rose 5.1% in regular trading, trading at 66.1 HKD/share, with turnover of approximately 79.54 million HKD.

On the news front, the company's board is scheduled to approve interim results for the six months ended June 30 on August 24, entering the final countdown. The company previously issued a positive profit alert, forecasting first-half net profit attributable to equity holders of approximately 14.5 billion to 15.5 billion HKD, representing a significant turnaround from a loss of approximately 6 million HKD in the same period last year. The improvement is primarily attributed to the full ramp-up of tungsten concentrate commercial mining operations and a substantial increase in average tungsten concentrate selling prices during the period.

At the industry level, global tungsten supply-demand dynamics remain tight. Emerging demand from AI PCB micro-drills and tungsten hexafluoride continues to expand, providing support for the tungsten price floor. UBS previously initiated coverage with a Buy rating and a target price of 88.7 HKD, forecasting concentrate output of 8,600 tonnes this year, rising to 11,100 and 11,700 tonnes in subsequent years with gross margin improving to 77%.

(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.)