Gelonghui, April 2 | CCB International released a report saying that Zijin Mining (2899.HK)'s performance last year was in line with expectations, mainly due to factors such as a sharp rise in metal prices; strong growth in gold and copper production; and effective cost control of the company. In response to Zijin's business growth as its core strategy and the launch of a number of new projects, the bank kept the company's profit forecasts for 2024 and 2025 basically unchanged and raised 12%, respectively. Furthermore, the bank's adjusted profit forecast for 2025 is currently in line with market consensus, and growth is expected to be 32%/25%/11% in 2024/2025/2026, respectively. Furthermore, CCB International believes that Zijin's current valuation is attractive, and the current stock price has a potential increase of 21%. As a result, the target price was raised from HK$14.4 to HK$18.9, maintaining an outperforming market rating.