UBS raised its international resources (1051.HK) target price by 14 per cent to HK $0.80 and maintained its buy rating, saying that its reserves did not continue to increase, which would be further enhanced through mergers and acquisitions and further exploration in the future, and gold and silver prices are expected to outperform the market in the short term.

International Resources has sold 13 billion shares at HK $0.35 per share since June 2009, and there has been no rights issue. International Resources reported HK $0.66 before suspension.