Citi: Market Worries About Chen Jinghe's Departure from ZIJIN MINING (02899.HK) Are Unfounded
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
0mins
Source: aastocks
Citi Research Report: Citi Research attended the EGM of ZIJIN MINING, noting the retirement of founder Chen Jinghe, who will remain as an honorable chairman and senior council member.
Investor Concerns: Some investors expressed concerns over Chen's retirement, leading to profit-taking, although Citi Research believes these concerns are unfounded.
Management Transition: The report emphasizes that Chen's decision to step down is part of a necessary transition from a 'founder-driven' to a 'mechanism-driven' management structure.
Stock Rating and Target Price: Citi Research maintains a 'Buy' rating for ZIJIN MINING with a target price of $39, listing it among its top picks in the sector alongside other companies.
Analyst Views on 01378
Wall Street analysts forecast 01378 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01378 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 36.100
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Current: 36.100
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
