Morgan Stanley will international resources (01051-HK) into the preferred list of gold stocks, the rating to maintain overweight, the target price of HK $0.73 unchanged.

The bank pointed out that the development of gold and silver mines under International Resources has made satisfactory progress and will be put into production in the first half of next year, with potential for resource growth and other positive factors such as low cost.

International Resources fell 3.51% to HK $0.55 on Monday.