Gelonghui, December 12 | According to CICC's research report, Jin Chengxin (603979.SH) signed an “Equity Cooperation Agreement” with Australia's Terra Mining and its shareholder DAI RUI to purchase 51% of Australia's Terra Mining shares for 1 Australian dollar. Terra Mining's transaction consideration is low, and Jin Chengxin will bear bad debt losses on its trade receivables. Terra Mining and Jin Chengxin's mining services business complement each other's advantages, and it is expected to become a platform for Jin Chengxin's mining services business to become international. Overall, as a leader in integrated mine operation and integrated operation services, Jin Chengxin's “mining service+resources” strategy has achieved landmark development, and the allocation value is prominent. Maintain an outperforming industry rating and maintain a target price of 57 yuan.
研报掘金丨中金：维持金诚信“跑赢行业”评级，目标价57元
Research Reports mining: CICC maintains Jchx Mining Management "outperform Industry" rating, Target Price 57 yuan.
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