BOCI: Cuts Shandong Gold (01787.HK) Target Price to HK$38.04; Earnings Expected to Achieve Strong Growth as Production Normalizes

Zhitong Finance APP has learned that BOC International issued a research report stating that Shandong Gold (01787.HK), due to strict safety controls and engineering construction disruptions, has experienced a slow production recovery and has lowered its 2026 gold production guidance by 22% to 27%. The bank reiterated its "Buy" rating on Shandong Gold and lowered its target price to HK$38.04.