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ZIJIN MINING (02899.HK) Surges 116% This Yr w/ Record-Breaking Premium Over A-Shrs
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Riding the continuous rally in gold prices, ZIJIN MINING (02899.HK) has surged by around 116% this year, surpassing the 86% cumulative growth in its A-shares, reversing the long-standing discount of its H-shares compared to its A-shares. This achievement reflects investor attention to ZIJIN MINING's expanding global operations. According to data compiled by Bloomberg, the premium of ZIJIN MINING's H-shares over its A-shares reached a record high of 6.6% earlier this week. Citi analyst Jack Shang stressed that ZIJIN MINING should have more room for growth thanks to the optimistic market sentiment for gold and copper prices. In addition, the IPO of ZIJIN GOLD INTL (02259.HK) is a positive sign for ZIJIN MINING, as overseas listings provide greater flexibility for the company to acquire overseas assets and expand production. AAStocks Financial News |
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