Bank of China International published a research report and raised the average gold price from 2010 to 2014 by 3 to 5%. At the same time, it is believed that gold mining stocks will receive buying support, so it is recommended to “buy” UIJIN (00246-HK), Zhaojin (01818-HK), and international resources (01051-HK). According to the Bank of China International report, the fourth quarter is a season with strong traditional gold price trends, mainly because India enters the peak of marriage and marriage, while China traditionally buys more gold before the Lunar New Year; since the fourth quarter of 2004, gold prices have increased by an average of 7% on a quarterly basis every year. Furthermore, the Bank of China pointed out that gold continues to have a safe-haven function. At the same time, since the current active monetary policies of various central banks will benefit the price of gold, it is believed that the price of gold will be raised by 3 to 5% from 2010 to 2014 to 1,207 US dollars, 1,245 US dollars, 1,250 US dollars and 1,200 US dollars. Bank of China International added that it expects investment to continue to rise, so it will raise its target price by nearly 20% and maintain its “buy” rating; at the same time, the bank expects strong business performance in the second half of the year, believing that the final stock price will follow fundraising and international resources, so it continues to give Ruijin's “buy” rating; in addition, Bank of China International is optimistic about international resources, mainly because Indonesia is progressing well; as for Zijin mining, the bank upgraded the Zijin (02899-HK) rating from “selling” to “holding”. Stock Name/Investment Rating/Target Price International Resources (1051-HK) /Maintenance Buy/0.51->0.61. Ruijin Mining (0246-HK) /Maintaining Buying/15.2->15.98. Zhaojin Mining (1818-HK) /Maintaining Buying/22.43->26.86. Zijin Mining (2899-HK) /Selling -> Holding/3.84->6.29.
中银国际调高2010至2014平均金价逾3%,推荐瑞金等三只金矿股
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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