M Stanley Sets Target Price of $45.7 for SD GOLD (01787.HK) Following Earnings Forecast Disappointment
Stock Performance: SD GOLD (01787.HK) experienced a significant drop of 10.619%, with short selling amounting to $168.27 million and a ratio of 9.410%.
Profit Forecast: The company expects its 2025 net profit to be between RMB4.6 billion and RMB4.9 billion, which is below market expectations of approximately RMB6 billion.
Quarterly Earnings: The forecast suggests a net profit of RMB644-944 million for the last quarter, lower than the RMB1.15 billion reported in 3Q25, despite rising gold prices.
Analyst Rating: Morgan Stanley rated SD GOLD as Overweight, citing factors like investment losses in gold futures trading as reasons for the profit decline, and set a target price of $45.7.
Trade with 70% Backtested Accuracy
Analyst Views on 01787
About the author
HSI Declines by 37 Points; Commodities Maintain Recovery; TENCENT Under Pressure
Market Overview: The HSI opened lower by 0.1% at 26,797, with the HSCEI and HSTECH also experiencing declines of 0.15% and 0.9%, respectively.
Resource Stocks Performance: Gold and silver stocks saw gains, with CHINAGOLDINTL up 2.8% and JIANGXI COPPER rising 3.0%, while ZIJIN MINING rallied by 2.1%.
Tech Stocks Decline: Major tech companies like TENCENT and BABA-W faced losses of 2.6% and 1.1%, respectively, with significant short selling activity noted across the sector.
Carmakers and Other Stocks: Carmakers BYD and LEAPMOTOR opened lower, while LI AUTO saw a slight increase of 2.2%. CKH HOLDINGS remained flat amid ongoing arbitration actions.
HSI Rises by 59 Points; Commodities Recover; HSBC Holdings and Standard Chartered Perform Well
Market Performance: The HSI closed up 59 points (0.2%) at 26,834, while the HSCEI and HSTECH fell by 27 points (0.3%) and 59 points (1.1%) respectively, with a total market turnover of HKD335.152 billion.
Tech Sector Movements: Major tech stocks like TENCENT, BIDU-SW, and BABA-W experienced declines, with TENCENT dropping 2.9% and BIDU-SW falling 3.6%, while NTES-S saw a slight increase of 0.3%.
Commodity and Bank Stocks: Commodity prices rose, benefiting stocks like ZIJIN GOLD INTL, which surged 7.8%, and bank stocks also performed well, with HSBC HOLDINGS increasing by 3.1%.
Short Selling Trends: Significant short selling activity was noted across various sectors, with TENCENT and BIDU-SW having high short selling ratios of 10.084% and 36.085% respectively, indicating bearish sentiment among investors.
HSI Rises by 220 Points; Gold, Silver, and Resource Stocks Recover; HSBC Holdings and NTES-S Surge
Market Opening Performance: The HSI opened 220 points higher at 26,995, with the HSCEI and HSTECH also showing gains of 0.6% and 0.7%, respectively.
Commodity and Mining Stocks: Mining stocks like CHINAGOLDINTL and ZIJIN MINING saw significant increases, with short selling ratios indicating active trading, while other commodities also trended upward.
Financial Sector Highlights: HSBC HOLDINGS rose 3% following positive forecasts from BNP Paribas, while AIA and HKEX experienced modest gains, reflecting a stable financial market.
Tech and Automotive Stocks: Mixed performance in tech stocks, with TENCENT declining slightly, while NTES-S and NEW ORIENTAL-S saw notable increases; automotive stocks like BYD and NIO faced declines amid high short selling ratios.
ZIJIN MINING Drops 7% as Spot Gold Dips Below USD 4.5K
Gold and Silver Prices Decline: Gold prices fell significantly, with spot gold dropping to USD4,532.29, down 7.24%, while silver also decreased to USD75.97, down 11.1%, as institutional investors expressed caution about the short-term trends in precious metals.
Futures Market Movement: Gold futures for February delivery decreased by 3.6% to USD4,545, and silver futures for March delivery fell by 1.9% to USD77.03, indicating a continued downward trend in the market.
Impact on Hong Kong-listed Gold Miners: Hong Kong-listed gold mining companies experienced substantial losses, with ZIJIN MINING down 7.02%, ZIJIN GOLD INTL down 8.33%, and SD GOLD down 12.29%, reflecting the broader decline in precious metal prices.
Short Selling Activity: There was notable short selling activity among gold mining stocks, with significant amounts reported for various companies, indicating a bearish sentiment among investors in the sector.
M Stanley Sets Target Price of $45.7 for SD GOLD (01787.HK) Following Earnings Forecast Disappointment
Stock Performance: SD GOLD (01787.HK) experienced a significant drop of 10.619%, with short selling amounting to $168.27 million and a ratio of 9.410%.
Profit Forecast: The company expects its 2025 net profit to be between RMB4.6 billion and RMB4.9 billion, which is below market expectations of approximately RMB6 billion.
Quarterly Earnings: The forecast suggests a net profit of RMB644-944 million for the last quarter, lower than the RMB1.15 billion reported in 3Q25, despite rising gold prices.
Analyst Rating: Morgan Stanley rated SD GOLD as Overweight, citing factors like investment losses in gold futures trading as reasons for the profit decline, and set a target price of $45.7.
HSI Declines by 289 Points as Gold and Silver Miners, Resource Stocks, and Chinese Telecoms Weigh Down Market
Hong Kong Stock Market Performance: Hong Kong stocks opened lower, with the HSI down 1.1% at 27,097, the HSCEI down 1.3% at 9,191, and the HSTECH down 1.3% at 5,644.
Decline in Precious Metals: Gold and silver prices saw significant drops, with CHINAGOLDINTL plunging 12.3% and other mining stocks like ZIJIN MINING and SD GOLD also experiencing declines of over 10%.
Resource Stocks Slump: Resource stocks, including JIANGXI COPPER and CHALCO, faced declines between 5.5% and 7.2%, with substantial short selling activity reported.
Telecom Sector Adjustments: Telecom service VAT for major companies like CHINA MOBILE and CHINA UNICOM was adjusted from 6% to 9%, leading to significant stock price drops of up to 9.9% for CHINA UNICOM.
HSI Declines by 37 Points; Commodities Maintain Recovery; TENCENT Under Pressure
Market Overview: The HSI opened lower by 0.1% at 26,797, with the HSCEI and HSTECH also experiencing declines of 0.15% and 0.9%, respectively.
Resource Stocks Performance: Gold and silver stocks saw gains, with CHINAGOLDINTL up 2.8% and JIANGXI COPPER rising 3.0%, while ZIJIN MINING rallied by 2.1%.
Tech Stocks Decline: Major tech companies like TENCENT and BABA-W faced losses of 2.6% and 1.1%, respectively, with significant short selling activity noted across the sector.
Carmakers and Other Stocks: Carmakers BYD and LEAPMOTOR opened lower, while LI AUTO saw a slight increase of 2.2%. CKH HOLDINGS remained flat amid ongoing arbitration actions.
HSI Rises by 59 Points; Commodities Recover; HSBC Holdings and Standard Chartered Perform Well
Market Performance: The HSI closed up 59 points (0.2%) at 26,834, while the HSCEI and HSTECH fell by 27 points (0.3%) and 59 points (1.1%) respectively, with a total market turnover of HKD335.152 billion.
Tech Sector Movements: Major tech stocks like TENCENT, BIDU-SW, and BABA-W experienced declines, with TENCENT dropping 2.9% and BIDU-SW falling 3.6%, while NTES-S saw a slight increase of 0.3%.
Commodity and Bank Stocks: Commodity prices rose, benefiting stocks like ZIJIN GOLD INTL, which surged 7.8%, and bank stocks also performed well, with HSBC HOLDINGS increasing by 3.1%.
Short Selling Trends: Significant short selling activity was noted across various sectors, with TENCENT and BIDU-SW having high short selling ratios of 10.084% and 36.085% respectively, indicating bearish sentiment among investors.
HSI Rises by 220 Points; Gold, Silver, and Resource Stocks Recover; HSBC Holdings and NTES-S Surge
Market Opening Performance: The HSI opened 220 points higher at 26,995, with the HSCEI and HSTECH also showing gains of 0.6% and 0.7%, respectively.
Commodity and Mining Stocks: Mining stocks like CHINAGOLDINTL and ZIJIN MINING saw significant increases, with short selling ratios indicating active trading, while other commodities also trended upward.
Financial Sector Highlights: HSBC HOLDINGS rose 3% following positive forecasts from BNP Paribas, while AIA and HKEX experienced modest gains, reflecting a stable financial market.
Tech and Automotive Stocks: Mixed performance in tech stocks, with TENCENT declining slightly, while NTES-S and NEW ORIENTAL-S saw notable increases; automotive stocks like BYD and NIO faced declines amid high short selling ratios.
ZIJIN MINING Drops 7% as Spot Gold Dips Below USD 4.5K
Gold and Silver Prices Decline: Gold prices fell significantly, with spot gold dropping to USD4,532.29, down 7.24%, while silver also decreased to USD75.97, down 11.1%, as institutional investors expressed caution about the short-term trends in precious metals.
Futures Market Movement: Gold futures for February delivery decreased by 3.6% to USD4,545, and silver futures for March delivery fell by 1.9% to USD77.03, indicating a continued downward trend in the market.
Impact on Hong Kong-listed Gold Miners: Hong Kong-listed gold mining companies experienced substantial losses, with ZIJIN MINING down 7.02%, ZIJIN GOLD INTL down 8.33%, and SD GOLD down 12.29%, reflecting the broader decline in precious metal prices.
Short Selling Activity: There was notable short selling activity among gold mining stocks, with significant amounts reported for various companies, indicating a bearish sentiment among investors in the sector.
M Stanley Sets Target Price of $45.7 for SD GOLD (01787.HK) Following Earnings Forecast Disappointment
Stock Performance: SD GOLD (01787.HK) experienced a significant drop of 10.619%, with short selling amounting to $168.27 million and a ratio of 9.410%.
Profit Forecast: The company expects its 2025 net profit to be between RMB4.6 billion and RMB4.9 billion, which is below market expectations of approximately RMB6 billion.
Quarterly Earnings: The forecast suggests a net profit of RMB644-944 million for the last quarter, lower than the RMB1.15 billion reported in 3Q25, despite rising gold prices.
Analyst Rating: Morgan Stanley rated SD GOLD as Overweight, citing factors like investment losses in gold futures trading as reasons for the profit decline, and set a target price of $45.7.
HSI Declines by 289 Points as Gold and Silver Miners, Resource Stocks, and Chinese Telecoms Weigh Down Market
Hong Kong Stock Market Performance: Hong Kong stocks opened lower, with the HSI down 1.1% at 27,097, the HSCEI down 1.3% at 9,191, and the HSTECH down 1.3% at 5,644.
Decline in Precious Metals: Gold and silver prices saw significant drops, with CHINAGOLDINTL plunging 12.3% and other mining stocks like ZIJIN MINING and SD GOLD also experiencing declines of over 10%.
Resource Stocks Slump: Resource stocks, including JIANGXI COPPER and CHALCO, faced declines between 5.5% and 7.2%, with substantial short selling activity reported.
Telecom Sector Adjustments: Telecom service VAT for major companies like CHINA MOBILE and CHINA UNICOM was adjusted from 6% to 9%, leading to significant stock price drops of up to 9.9% for CHINA UNICOM.
